EX-99.1 24 d784318dex991.htm EX-99.1

Exhibit 99.1

Lumen Technologies, Inc.

Debt Schedule - Excludes all Finance Leases, Unamortized Premiums, Discounts and Other, Net ($ in millions)

(UNAUDITED)

All information is presented as of March 28, 2024

Entity (Original Issuer) |  | Coupon Rate |  |  | Maturity Date |  |  | Total1 |
Qwest Corporation |  |  |  |  |  |  |  |  |  |  |  |
Qwest Corporation Senior Notes |  |  | 7.250 | % |  |  | 9/15/2025 |  |  |  | 250 |
Qwest Corporation Senior Notes |  |  | 7.750 | % |  |  | 5/1/2030 |  |  |  | 43 |
Qwest Corporation Senior Notes |  |  | 7.375 | % |  |  | 5/1/2030 |  |  |  | 55 |
Qwest Corporation Senior Notes (CTBB) |  |  | 6.500 | % |  |  | 9/1/2056 |  |  |  | 978 |
Qwest Corporation Senior Notes (CTDD) |  |  | 6.750 | % |  |  | 6/15/2057 |  |  |  | 660 |
Total Qwest Corporation |  |  |  |  |  |  |  |  |  | $ | 1,986 |
Qwest Capital Funding, Inc. |  |  |  |  |  |  |  |  |  |  |  |
Qwest Capital Funding, Inc. Senior Notes |  |  | 6.875 | % |  |  | 7/15/2028 |  |  |  | 76 |
Qwest Capital Funding, Inc. Senior Notes |  |  | 7.750 | % |  |  | 2/15/2031 |  |  |  | 116 |
Total Qwest Capital Funding, Inc. |  |  |  |  |  |  |  |  |  | $ | 192 |
Level 3 Financing, Inc. |  |  |  |  |  |  |  |  |  |  |  |
Level 3 Financing, Inc. Term Loan B |  |  | S + 1.75 | % |  |  | 3/1/2027 |  |  |  | 12 |
New Level 3 Financing, Inc. Term Loan B-1 |  |  | S + 6.56 | % |  |  | 4/15/2029 |  |  |  | 1,199 |
New Level 3 Financing, Inc. First Lien Notes |  |  | 10.500 | % |  |  | 4/15/2029 |  |  |  | 668 |
New Level 3 Financing, Inc. First Lien Notes |  |  | 11.000 | % |  |  | 11/15/2029 |  |  |  | 1,575 |
New Level 3 Financing, Inc. Term Loan B-2 |  |  | S + 6.56 | % |  |  | 4/15/2030 |  |  |  | 1,199 |
Level 3 Financing, Inc. Sr. Secured Notes |  |  | 10.500 | % |  |  | 5/15/2030 |  |  |  | 925 |
New Level 3 Financing, Inc. First Lien Notes |  |  | 10.750 | % |  |  | 12/15/2030 |  |  |  | 678 |
Total Level 3 Parent, LLC and Subsidiaries First Lien Secured Debt |  |  |  |  |  |  |  |  |  | $ | 6,256 |
New Level 3 Financing, Inc. Second Lien Notes |  |  | 4.875 | % |  |  | 6/15/2029 |  |  |  | 606 |
New Level 3 Financing, Inc. Second Lien Notes |  |  | 4.500 | % |  |  | 4/1/2030 |  |  |  | 712 |
New Level 3 Financing, Inc. Second Lien Notes |  |  | 3.875 | % |  |  | 10/15/2030 |  |  |  | 458 |
New Level 3 Financing, Inc. Second Lien Notes |  |  | 4.000 | % |  |  | 4/15/2031 |  |  |  | 453 |
Total Level 3 Parent, LLC and Subsidiaries Secured Debt |  |  |  |  |  |  |  |  |  | $ | 8,485 |
Level 3 Financing, Inc. Sr. Secured Notes (Unsecured) |  |  | 3.400 | % |  |  | 3/1/2027 |  |  |  | 82 |
Level 3 Financing, Inc. Senior Notes |  |  | 4.625 | % |  |  | 9/15/2027 |  |  |  | 394 |
Level 3 Financing, Inc. Senior Notes |  |  | 4.250 | % |  |  | 7/1/2028 |  |  |  | 488 |
Level 3 Financing, Inc. Senior Notes |  |  | 3.625 | % |  |  | 1/15/2029 |  |  |  | 382 |
Level 3 Financing, Inc. Sustainability-Linked Senior Notes |  |  | 3.750 | % |  |  | 7/15/2029 |  |  |  | 448 |
Level 3 Financing, Inc. Sr. Secured Notes (Unsecured) |  |  | 3.875 | % |  |  | 11/15/2029 |  |  |  | 72 |
Total Level 3 Parent, LLC and Subsidiaries |  |  |  |  |  |  |  |  |  | $ | 10,350 |
Lumen Technologies, Inc. |  |  |  |  |  |  |  |  |  |  |  |
New Lumen Technologies, Inc. Superpriority First Out (“FOSP”) $489MM RCF |  |  | S + 4.00 | % |  |  | 6/1/2028 |  |  |  | — |
New Lumen Technologies, Inc. Superpriority Second Out (“SOSP”) $467MM RCF |  |  | S + 6.00 | % |  |  | 6/1/2028 |  |  |  | — |
New Lumen Technologies, Inc. SOSP Term Loan A |  |  | S + 6.00 | % |  |  | 6/1/2028 |  |  |  | 377 |
New Lumen Technologies, Inc. SOSP Term Loan B-1 |  |  | S + 2.35 | % |  |  | 4/15/2029 |  |  |  | 1,629 |
New Lumen Technologies, Inc. SOSP Notes |  |  | 4.125 | % |  |  | 4/15/2029 |  |  |  | 332 |
New Lumen Technologies, Inc. SOSP Term Loan B-2 |  |  | S + 2.35 | % |  |  | 4/15/2030 |  |  |  | 1,629 |
New Lumen Technologies, Inc. SOSP Notes |  |  | 4.125 | % |  |  | 4/15/2030 |  |  |  | 479 |
Total Lumen Technologies, Inc. Superpriority Secured Debt |  |  |  |  |  |  |  |  |  | $ | 4,447 |
Lumen Technologies, Inc. Term Loan B |  |  | S + 2.25 | % |  |  | 3/15/2027 |  |  |  | 57 |
Total Lumen Technologies, Inc. Secured Debt |  |  |  |  |  |  |  |  |  | $ | 4,504 |
Lumen Technologies, Inc. Senior Notes - Series X |  |  | 5.625 | % |  |  | 4/1/2025 |  |  |  | 157 |
Lumen Technologies, Inc. Senior Notes - Series D |  |  | 7.200 | % |  |  | 12/1/2025 |  |  |  | 45 |
Lumen Technologies, Inc. Senior Notes |  |  | 5.125 | % |  |  | 12/15/2026 |  |  |  | 150 |
Lumen Technologies, Inc. Sr. Secured Notes (Unsecured) |  |  | 4.000 | % |  |  | 2/15/2027 |  |  |  | 232 |
Lumen Technologies, Inc. Senior Notes - Series G |  |  | 6.875 | % |  |  | 1/15/2028 |  |  |  | 242 |
Lumen Technologies, Inc. Senior Notes |  |  | 4.500 | % |  |  | 1/15/2029 |  |  |  | 409 |
Lumen Technologies, Inc. Senior Notes |  |  | 5.375 | % |  |  | 6/15/2029 |  |  |  | 232 |
Lumen Technologies, Inc. Senior Notes - Series P |  |  | 7.600 | % |  |  | 9/15/2039 |  |  |  | 354 |
Lumen Technologies, Inc. Senior Notes - Series U |  |  | 7.650 | % |  |  | 3/15/2042 |  |  |  | 291 |
Total Lumen Technologies, Inc. |  |  |  |  |  |  |  |  |  | $ | 6,617 |
Total LUMN Consolidated (excluding Finance Leases, Premium/(Discount)/Other, net) |  |  |  |  |  |  |  |  |  | $ | 19,145 |

1 | Totals may not sum due to rounding.