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 | ||||||||
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Total Qwest Corporation | $ | 1,986 | ||||||||||
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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 | ||||||||
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Total Qwest Capital Funding, Inc. | $ | 192 | ||||||||||
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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 | ||||||||
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Total Level 3 Parent, LLC and Subsidiaries First Lien Secured Debt | $ | 6,256 | ||||||||||
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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 | ||||||||
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Total Level 3 Parent, LLC and Subsidiaries Secured Debt | $ | 8,485 | ||||||||||
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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 | ||||||||
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Total Level 3 Parent, LLC and Subsidiaries | $ | 10,350 | ||||||||||
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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 | ||||||||
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Total Lumen Technologies, Inc. Superpriority Secured Debt | $ | 4,447 | ||||||||||
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Lumen Technologies, Inc. Term Loan B | S + 2.25 | % | 3/15/2027 | 57 | ||||||||
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Total Lumen Technologies, Inc. Secured Debt | $ | 4,504 | ||||||||||
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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 | ||||||||
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Total Lumen Technologies, Inc. | $ | 6,617 | ||||||||||
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Total LUMN Consolidated (excluding Finance Leases, Premium/(Discount)/Other, net) | $ | 19,145 | ||||||||||
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1 | Totals may not sum due to rounding. |