Lumen Technologies, Inc. and Qwest Corporation, its wholly-owned subsidiary, had extended the early participation date and withdrawal deadline of its previously announced offers to exchange the 6.5% Notes due 2056 (CUSIP Number 74913G 881) (the 2056 Notes) and 6.75% Notes due 2057 (CUSIP Number 74913G 873) (the 2057 Notes and, together with the 2056 Notes, the Old Qwest Notes) issued by Qwest for 6.500% Notes due 2056 (the New 2056 Notes) and 6.750% Notes due 2057 (the New 2057 Notes and, together with the New 2056 Notes, the New Qwest Notes) to be issued by Qwest, respectively, and to be fully and unconditionally guaranteed on an unsecured basis by Lumen, in each case upon the terms and subject to the conditions set forth in the Prospectus. In connection with the Exchange Offers, Qwest and Lumen are also soliciting consents to amend the Old Qwest Indentures (as defined in the Prospectus) (the Consent Solicitations). The early participation date and the withdrawal deadline for the Exchange Offers and Consent Solicitations have each been extended from 5 p.m. ET on May 8, 2026 to 5 p.m. ET on May 15, 2026 (such date and time, as each may be further extended or earlier terminated by Lumen or Qwest, the Early Participation Date and the Withdrawal Deadline, respectively).
Except for the extension of the Early Participation Date and the Withdrawal Deadline, all other terms of the Exchange Offers and the Consent Solicitations remain unchanged. Each of the Exchange Offers will expire immediately following 5 p.m. ET on May 26, 2026, as it may be extended as described in the Prospectus (the Expiration Date). A Registration Statement on Form S-4, including a prospectus and consent solicitation statement forming a part thereof (the Prospectus), which is subject to change, relating to the issuance of the New Qwest Notes has been filed with the SEC (the Registration Statement).
If and when issued, the New Qwest Notes will be registered under the Securities Act of 1933, as amended. Copies of the Prospectus pursuant to which the Exchange Offers and Consent Solicitations are being made may be obtained from D.F. King & Co., Inc., the information agent and exchange agent for the Exchange Offers and Consent Solicitations. Requests for documentation and questions regarding procedures for tendering the Old Qwest Notes can be directed to D.F. King & Co., Inc. at (800) 755-3105 (for information U.S. Toll-free) or (212) 257-2075 (information for banks and brokers).
Questions regarding the terms and conditions of the Exchange Offers and Consent Solicitations should be directed to the dealer manager, Morgan Stanley & Co. LLC, at Morgan Stanley & Co. LLC, 1585 Broadway, New York, New York 10036, Attention: Global Debt Advisory Group, Collect: (212) 761-1057, Toll Free: (800) 624-1808, Email: lmny@morganstanley.com.
The consummation of each Exchange Offer and Consent Solicitation is subject to, and conditioned upon, the satisfaction or, where permitted, waiver of certain conditions, including, among other things, (i) the Registration Statement having been declared effective by the SEC and not being subject to a stop order by the SEC and (ii) the absence of any actual or threatened legal impediment to the acceptance for exchange of, or exchange of, the Old Qwest Notes. The Exchange Offers and Consent Solicitations are being made only by and pursuant to the terms and subject to the conditions set forth in the Prospectus, which forms a part of the Registration Statement, and the information in this press release is qualified by reference to such Prospectus and the Registration Statement. Holders of the Old Qwest Notes are urged to carefully read the Prospectus before making any decision with respect to the Exchange Offers and Consent Solicitations.
None of Lumen, Qwest, the dealer managers, the trustee with respect to any series of Old Qwest Notes, the trustee with respect to any series of New Qwest Notes, the information agent and exchange agent for the Exchange Offers or any affiliate of any of them makes any recommendation as to whether holders of the Old Qwest Notes should exchange their Old Qwest Notes for New Qwest Notes in the Exchange Offers or deliver consents to the Proposed Amendments (as defined in the Prospectus), and no one has been authorized by any of them to make such a recommendation. Holders of the Old Qwest Notes must make their own decision as to whether to tender Old Qwest Notes and, if so, the principal amount of Old Qwest Notes to tender.


















