000001892600007943230000068622falsetrue 0000018926 2024-10-04 2024-10-04 0000018926 lumn:QwestCorporationMember 2024-10-04 2024-10-04 0000018926 lumn:Level3ParentLlcMember 2024-10-04 2024-10-04 0000018926 us-gaap:PreferredStockMember 2024-10-04 2024-10-04 0000018926 lumn:QwestCorporationMember lumn:SixPointFivePercentNotesDue2056Member 2024-10-04 2024-10-04 0000018926 lumn:QwestCorporationMember lumn:SixPointSevenFivePercentNotesDue2057Member 2024-10-04 2024-10-04 0000018926 us-gaap:CommonStockMember 2024-10-04 2024-10-04
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM
8-K
 
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 4, 2024
 
 
 
LOGO
Lumen Technologies, Inc.
(Exact name of registrant as specified in its charter)
 
 
 
Louisiana
 
001-7784
 
72-0651161
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
100 CenturyLink Drive
 
Monroe, Louisiana
 
71203
(Address of principal executive offices)
 
(Zip Code)
(318)
388-9000
(Registrant’s telephone number, including area code)
 
 
Level 3 Parent, LLC
(Exact name of registrant as specified in its charter)
 
 
 
Delaware
 
001-35134
 
47-0210602
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
931 14
th
Street
 
Denver, Colorado
 
80202-2994
(Address of principal executive offices)
 
(Zip Code)
(720)
888-1000
(Registrant’s telephone number, including area code)
 
 
Qwest Corporation
(Exact name of registrant as specified in its charter)
 
 
 
Colorado
 
001-03040
 
84-0273800
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
100 CenturyLink Drive
 
Monroe, Louisiana
 
71203
(Address of principal executive offices)
 
(Zip Code)
(318)
388-9000
(Registrant’s telephone number, including area code)
 
 
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligations of any registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
 
Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
 
Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
 
Registrant
 
Title of Each Class
 
   Trading   
Symbol
 
Name of Each Exchange
on Which Registered
Lumen Technologies, Inc.   Common Stock, par value $1.00 per share   LUMN   New York Stock Exchange
Lumen Technologies, Inc.   Preferred Stock Purchase Rights  
N/A
  New York Stock Exchange
Qwest Corporation   6.5% Notes due 2056   CTBB   New York Stock Exchange
Qwest Corporation   6.75% Notes due 2057   CTDD   New York Stock Exchange
Indicate by check mark whether any registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 

Explanatory Note
On September 3, 2024, Lumen Technologies, Inc. (the “Company” or “Lumen”) announced, among other things, that the Company had commenced a series of exchange offers (the “Exchange Offers”) for certain of its outstanding unsecured notes (the “Subject Notes”).
On September 24, 2024, Lumen filed with the U.S. Securities and Exchange Commission (the “SEC”) a Current Report on Form
8-K
describing the early settlement of the Exchange Offers, under which Lumen issued approximately $438.3 million aggregate principal amount (the “Initial Notes”) of 10.000% secured notes due 2032 (the “10.000% Lumen Notes”) and paid approximately $13.7 million cash (excluding accrued and unpaid interest payable with respect to the exchanged Subject Notes) in exchange for approximately $490.8 million aggregate principal amount of the Subject Notes.
The Exchange Offers expired at 5:00 p.m., New York City Time, on October 1, 2024 (the “Expiration Time”). This Current Report on Form
8-K
provides information on the final results of the Exchange Offers.
Item 8.01 Other Events.
On October 4, 2024, in connection with completing the final settlement of the Exchange Offers, Lumen issued $464,325 aggregate principal amount of additional 10.000% Lumen Notes (the “Additional Notes”) in exchange for $549,000 aggregate principal amount of the Subject Notes validly tendered after the early tender time but before the Expiration Time.
The Additional Notes constitute “Additional Notes” under the Indenture dated September 24, 2024, by and between Lumen, as issuer, certain guarantors party thereto, Regions Bank, as trustee, and Bank of America, N.A., as collateral agent (the “Indenture”), which governs the terms of the 10.000% Lumen Notes. The Additional Notes form a single class with, and are otherwise identical to, the Initial Notes, other than with respect to their issuance date.
For additional information on the Exchange Offers, the 10.000% Lumen Notes and the Indenture, see the exhibits to this Current Report on
Form 8-K.
Other Information
In reviewing the documents included or incorporated by reference as exhibits to this Current Report on Form
8-K,
please note that they are included to provide you with additional information regarding the terms of the issuance of Additional Notes at final settlement of the Exchange Offers and are not intended to provide any other financial, factual or other information about Lumen or the other parties thereto. Additional information about Lumen may be found elsewhere in its public filings.
No Offer or Solicitation
This Current Report on Form
8-K
does not constitute either (i) an offer to sell, or a solicitation of an offer to buy, the 10.000% Lumen Notes, (ii) an offer to buy, or a solicitation of an offer to sell, the Subject Notes, or (iii) a solicitation to participate in the Exchange Offers, which expired as of the Expiration Time.
 
1

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
 
Exhibit
No.
  
Description
 4.1    Indenture, dated September 24, 2024, among Lumen Technologies, Inc., as issuer, certain guarantors party thereto, Regions Bank, as trustee, and Bank of America, N.A., as collateral agent, relating to the 10.000% Lumen Notes (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed by Lumen Technologies, Inc. (File No. 001-07784), Level 3 Parent, LLC (File No. 001-35134) and Qwest Corporation (File No. 001-03040) with the SEC on September 24, 2024).
 4.2    Form of 10.000% Lumen Notes (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed by Lumen Technologies, Inc. (File No. 001-07784), Level 3 Parent, LLC (File No. 001-35134) and Qwest Corporation (File No. 001-03040) with the SEC on September 24, 2024).
99.1    Press Release dated September 17, 2024 announcing the early results of the Exchange Offers (incorporated by reference to Exhibit 99.1 to the Current Report on Form 8-K filed by Lumen Technologies, Inc. (File No. 001-07784), Level 3 Parent, LLC (File No. 001-35134) and Qwest Corporation (File No. 001-03040) with the SEC on September 17, 2024).
104    Cover Page Interactive Data File (Embedded within the Inline XBRL document.)
 
2

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Lumen Technologies, Inc., Level 3 Parent, LLC, and Qwest Corporation have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
 
   
LUMEN TECHNOLOGIES, INC.
Dated: October 4, 2024     By:  
/s/ Chris Stansbury
      Chris Stansbury
      Executive Vice President and Chief Financial Officer
   
LEVEL 3 PARENT, LLC
Dated: October 4, 2024     By:  
/s/ Chris Stansbury
      Chris Stansbury
      Executive Vice President and Chief Financial Officer
   
QWEST CORPORATION
Dated: October 4, 2024     By:  
/s/ Chris Stansbury
      Chris Stansbury
      Executive Vice President and Chief Financial Officer
 
3
v3.24.3
Cover Page
Oct. 04, 2024
Entity Information [Line Items]  
Document Type 8-K
Document Period End Date Oct. 04, 2024
Entity Registrant Name Lumen Technologies, Inc.
Entity Incorporation, State or Country Code LA
Entity File Number 001-7784
Entity Tax Identification Number 72-0651161
Entity Address, Address Line One 100 CenturyLink Drive
Entity Address, City or Town Monroe
Entity Address, State or Province LA
Entity Address, Postal Zip Code 71203
City Area Code 318
Local Phone Number 388-9000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Entity Central Index Key 0000018926
Amendment Flag false
Common Stock [Member]  
Entity Information [Line Items]  
Title of 12(b) Security Common Stock, par value $1.00 per share
Trading Symbol LUMN
Security Exchange Name NYSE
Preferred Stock [Member]  
Entity Information [Line Items]  
Title of 12(b) Security Preferred Stock Purchase Rights
Security Exchange Name NYSE
No Trading Symbol Flag true
Level 3 Parent LLC [Member]  
Entity Information [Line Items]  
Entity Registrant Name Level 3 Parent, LLC
Entity Incorporation, State or Country Code DE
Entity File Number 001-35134
Entity Tax Identification Number 47-0210602
Entity Address, Address Line One 931 14th Street
Entity Address, City or Town Denver
Entity Address, State or Province CO
Entity Address, Postal Zip Code 80202-2994
City Area Code 720
Local Phone Number 888-1000
Entity Central Index Key 0000794323
Qwest Corporation [Member]  
Entity Information [Line Items]  
Entity Registrant Name Qwest Corporation
Entity Incorporation, State or Country Code CO
Entity File Number 001-03040
Entity Tax Identification Number 84-0273800
Entity Address, Address Line One 100 CenturyLink Drive
Entity Address, City or Town Monroe
Entity Address, State or Province LA
Entity Address, Postal Zip Code 71203
City Area Code 318
Local Phone Number 388-9000
Entity Central Index Key 0000068622
Qwest Corporation [Member] | 6.5% Notes Due 2056 [Member]  
Entity Information [Line Items]  
Title of 12(b) Security 6.5% Notes due 2056
Trading Symbol CTBB
Security Exchange Name NYSE
Qwest Corporation [Member] | 6.75% Notes Due 2057 [Member]  
Entity Information [Line Items]  
Title of 12(b) Security 6.75% Notes due 2057
Trading Symbol CTDD
Security Exchange Name NYSE

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