On January 22, 2024, Lumen Technologies, Inc. entered into an Amended and Restated Transaction Support Agreement with a group of creditors representing over $12.5 billion of the company's debt. This agreement, which amends the original agreement from October 31, 2023, aims to provide Lumen with comprehensive maturity extensions and maintain sufficient operating liquidity and financial flexibility. The agreement includes the incurrence of $1.325 billion in new long-term senior secured first lien indebtedness by Level 3 Financing, Inc., a new revolving credit facility for Lumen expected to be around $1 billion, and the extension of maturities and other modifications for certain debts. The completion of these transactions is anticipated in the first quarter of 2024, subject to the satisfaction of remaining closing conditions. Lumen issued a press release on January 25, 2024, detailing the agreement and its expected benefits for the company's financial and capital structure goals.

On January 22, 2024, Lumen Technologies, Inc. entered into an Amended and Restated Transaction Support Agreement with a group of creditors representing over $12.5 billion of the company's debt. This agreement, which amends the original agreement from October 31, 2023, aims to provide Lumen with comprehensive maturity extensions and maintain sufficient operating liquidity and financial flexibility. The agreement includes the incurrence of $1.325 billion in new long-term senior secured first lien indebtedness by Level 3 Financing, Inc., a new revolving credit facility for Lumen expected to be around $1 billion, and the extension of maturities and other modifications for certain debts. The completion of these transactions is anticipated in the first quarter of 2024, subject to the satisfaction of remaining closing conditions. Lumen issued a press release on January 25, 2024, detailing the agreement and its expected benefits for the company's financial and capital structure goals.