Lumen Technologies Enters $825 Million Revolving Credit Facility Maturing 2029
On April 14, 2026, Lumen entered a Revolving Credit Agreement with Bank of America as administrative agent, providing $825 million of revolving commitments. The agreement also terminated the revolving commitments under a March 22, 2024 credit agreement, reducing them to zero.
Key points
- Revolving commitments total $825 million; the facility matures April 14, 2029, subject to a springing maturity in certain circumstances.
- Borrowings bear interest at Term SOFR (0.00% floor) plus 2.75%, or a base rate plus 1.75%, adjusted by Lumen's total net leverage ratio.
- Covenants start with the quarter ended June 30, 2026: maximum total net leverage of 5.25 to 1.00 and minimum interest coverage of 2.00 to 1.00.
- Level 3 Collateral Guarantors provide a guarantee of up to $150 million secured by substantially all of their assets.
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 16, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.