# EDGAR Filing Document

**Accession Number:** 0000794323
**File Stem:** 0001193125-25-327637
**Filing Date:** 2025-12
**Character Count:** 28056
**Document Hash:** dd166a9b7f353ce8700b642eb2e7a4a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-327637.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0001193125-25-327637

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251222

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251222

**DATE AS OF CHANGE**: 20251222

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lumen Technologies, Inc.
- **CENTRAL INDEX KEY:** 0000018926
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 720651161
- **STATE OF INCORPORATION:** LA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-07784
- **FILM NUMBER:** 251589598

**BUSINESS ADDRESS:**
- **STREET 1:** P O BOX 4065
- **STREET 2:** 100 CENTURYLINK DR
- **CITY:** MONROE
- **STATE:** LA
- **ZIP:** 71203
- **BUSINESS PHONE:** 3183889000

**MAIL ADDRESS:**
- **STREET 1:** 100 CENTURYLINK DR
- **STREET 2:** P O BOX 4065
- **CITY:** MONROE
- **STATE:** LA
- **ZIP:** 71203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CENTURYLINK, INC
- **DATE OF NAME CHANGE:** 20101108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CENTURYTEL INC
- **DATE OF NAME CHANGE:** 19990602

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CENTURY TELEPHONE ENTERPRISES INC
- **DATE OF NAME CHANGE:** 19920703
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Level 3 Parent, LLC
- **CENTRAL INDEX KEY:** 0000794323
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 470210602
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35134
- **FILM NUMBER:** 251589599

**BUSINESS ADDRESS:**
- **STREET 1:** 1025 ELDORADO BOULEVARD
- **STREET 2:** BLDG 2000
- **CITY:** BROOMFIELD
- **STATE:** CO
- **ZIP:** 80021
- **BUSINESS PHONE:** 7208881000

**MAIL ADDRESS:**
- **STREET 1:** 1025 ELDORADO BOULEVARD
- **STREET 2:** BLDG 2000
- **CITY:** BROOMFIELD
- **STATE:** CO
- **ZIP:** 80021

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEVEL 3 COMMUNICATIONS INC
- **DATE OF NAME CHANGE:** 19980331

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KIEWIT PETER SONS INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): December 22, 2025
![LOGO](g944088g1222045513193.jpg)

## Lumen Technologies, Inc.

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Louisiana** | **001-7784** | **72-0651161** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |

---

---

| | |
|:---|:---|
| **100 CenturyLink Drive**<br>**Monroe, Louisiana** | **71203** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

(318) 388-9000

#### (Telephone number, including area code)

## Level 3 Parent, LLC

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-35134** | **47-0210602** |
| **(State or other jurisdiction**<br>**of incorporation)** | **(Commission**<br>**File Number)** | **(IRS Employer**<br>**Identification No.)** |

---

---

| | |
|:---|:---|
| **931 14<sup>th</sup> Street**<br>**Denver, Colorado** | **80202** |
| **(Address of registrant's principal executive offices)** | **(Zip Code)** |

---

#### Registrants' telephone number, including area code: (720) 888-1000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

#### Securities registered pursuant to Section 12(b) of the Act:

---

| | | | |
|:---|:---|:---|:---|
| **Registrant** | **Title of Each Class** | **Trading**<br>**Symbol(s)** | **Name of Each Exchange**<br>**on Which Registered** |
| Lumen Technologies, Inc. | Common Stock, no-par value per share | LUMN | New York Stock Exchange |
| Lumen Technologies, Inc. | Preferred Stock Purchase Rights | N/A | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

#### Item 8.01 Other Events.
On December 22, 2025, Lumen Technologies, Inc. ("Lumen," "us," "we" or "our") issued a press release announcing the early results of the previously announced cash tender offers (the "Tender Offers") by its indirect wholly-owned subsidiary, Level 3 Financing, Inc. ("Level 3 Financing") to purchase the outstanding notes described below, in each case subject to certain terms and conditions set forth in the Offers to Purchase and Solicitations of Consents dated December 8, 2025, as amended and supplemented (the "Statement"), market conditions and other factors and the solicitation of consents to amend the indentures governing the notes described below to, among other things, eliminate substantially all of the restrictive covenants and certain events of default and release the collateral securing the obligations of Level 3 Financing and the guarantors under the indentures governing such notes.

The notes offered to be purchased in the Tender Offers, listed in the order of priority, are the (1) 4.000% Second Lien Notes due 2031, (2) 3.875% Second Lien Notes due 2030, (3) 4.500% Second Lien Notes due 2030, and (4) 4.875% Second Lien Notes due 2029 (collectively, the "Existing Second Lien Notes") up to an aggregate purchase price, excluding accrued and unpaid interest, of $1.5 billion.

The foregoing description is qualified in its entirety by reference to the press release dated December 22, 2025, a copy of which is attached hereto as Exhibit 99.1.

This Current Report on Form 8-K does not constitute an offer to purchase or the solicitation of an offer to see any Existing Second Lien Notes, nor will there be any purchase of Existing Second Lien Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward-Looking Statements

Except for historical and factual information, the matters set forth in this Current Report on Form 8-K identified by words such as "will," "should," "expects," "anticipates," "believes," "plans," "intends," and similar expressions are forward-looking statements as defined by the federal securities laws, and are subject to the "safe harbor" protections thereunder. These forward-looking statements are not guarantees of future results and are based on current expectations only, and are subject to various uncertainties. Actual events and results may differ materially from those anticipated by us in those statements for several reasons, including those discussed in Exhibit 99.1. We may change our intentions or plans discussed in our forward-looking statements without notice at any time and for any reason.

#### Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release dated December 22, 2025, relating to the early results of its Tender Offers.](d944088dex991.htm) |
| 104 | Cover Page Interactive Data File (formatted in iXBRL in Exhibit 101). |

---

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Lumen Technologies, Inc. and Level 3 Parent, LLC have duly caused this Current Report to be signed on their behalf by the undersigned officer hereunto duly authorized.

---

| | |
|:---|:---|
| **LUMEN TECHNOLOGIES, INC.** | **LUMEN TECHNOLOGIES, INC.** |
| By: | /s/ Chris Stansbury |
|  | Chris Stansbury |
|  | Executive Vice President and Chief Financial Officer |
| **LEVEL 3 PARENT, LLC** | **LEVEL 3 PARENT, LLC** |
| By: | /s/ Chris Stansbury |
|  | Chris Stansbury |
|  | Executive Vice President and Chief Financial Officer |

---

Dated: December 22, 2025

## Exhibit 99.1

**Exhibit 99.1** 

---

| | |
|:---|:---|
| NEWS RELEASE | ![LOGO](g944088g1222074633485.jpg) |

---

**Lumen Technologies, Inc. Announces Early Results and Amendments of Previously Announced Tender Offers and Consent Solicitations** 

**DENVER –** Dec. 22, 2025 **–** <u>Lumen Technologies, Inc.</u> ("Lumen," "us," "we" or "our") (NYSE: LUMN) today announced the early results of the previously announced cash tender offers (each, a "Tender Offer" and collectively, the "Tender Offers") by its wholly-owned subsidiary, Level 3 Financing, Inc. ("Level 3 Financing") to purchase the outstanding notes described below, in each case subject to certain terms and conditions set forth in the Offers to Purchase and Solicitations of Consents dated December 8, 2025, as amended and supplemented prior to the date hereof (the "Original Statement"). Lumen also announced today that Level 3 Financing is amending the Tender Offers to, among other things, remove the Former Aggregate Maximum Tender Cap and provide that all Existing Second Lien Notes that are validly tendered after the Early Tender Deadline but prior to the Expiration Date will be eligible to receive the Total Consideration, as set forth in further detail below. Capitalized terms used and not defined in this press release have the meanings given to them in the Original Statement.

The notes offered to be purchased in the Tender Offers are any and all of Level 3 Financing's (1) 4.000% Second Lien Notes due 2031 (the "2031 Notes"), (2) 3.875% Second Lien Notes due 2030 (the "3.875% 2030 Notes"), (3) 4.500% Second Lien Notes due 2030 (the "4.500% 2030 Notes"), and (4) 4.875% Second Lien Notes due 2029 (the "2029 Notes", and collectively, the "Existing Second Lien Notes"). The offer to purchase any and all of the Existing Second Lien Notes represents an increase in size from the previously announced aggregate purchase price, excluding accrued and unpaid interest, of $1.5 billion (the "Former Aggregate Maximum Tender Cap").

**<u>Amendments to the Tender Offers related to Level 3 Financing's 4.000% Second Lien Notes due 2031, 3.875% Second Lien Notes due 2030 and 4.500% Second Lien Notes due 2030</u>**

Solely with respect to the 2031 Notes, 3.875% 2030 Notes and 4.500% 2030 Notes, each such Tender Offer has been amended to (i) eliminate the Former Aggregate Maximum Tender Cap such that, upon the terms and subject to the conditions set forth in the Original Statement, as amended, modified or supplemented on or after the date hereof (the "Supplemented Statement" and, together with the Original Statement, the "Statement"), any and all 2031 Notes, 3.875% 2030 Notes or 4.500% 2030 Notes that have been validly tendered after 5:00 p.m. EST, on December 19, 2025 (the "Early Tender Deadline") and at or prior to the Expiration Date (as defined below) will be accepted for payment and (ii) provide that the 2031 Notes, 3.875% 2030 Notes or 4.500% 2030 Notes, as applicable, that have been validly tendered after the Early Tender Deadline and at or prior to the Expiration Date will be eligible to receive consideration, per $1,000 principal amount, equal to the applicable Total Consideration as set forth in the table below. The Withdrawal Deadline (which was at or prior to 5:00 p.m. EST, on December 19, 2025) with respect to the 2031 Notes, the 3.875% 2030 Notes and the 4.500% 2030 Notes is not extended or amended.

**<u>Amendments to the Tender Offer related to Level 3 Financing's 4.875% Second Lien Notes due 2029</u>**

Solely with respect to the 2029 Notes, the Tender Offer has been amended to (i) eliminate the Former Aggregate Maximum Tender Cap such that, upon the terms and subject to the conditions set forth in the Statement, any and all 2029 Notes that have been validly tendered at or prior to the Expiration Date will be accepted for payment, (ii) extend the Withdrawal Deadline solely with respect to the 2029 Notes, to at or prior to 5:00 p.m. EST time, on January 7, 2026, unless further extended by us in our sole discretion, (iii) provide that the 2029 Notes that have been validly tendered at or prior to the Expiration Date will be eligible to receive consideration, per $1,000 principal amount, equal to the applicable Total Consideration as set forth in the table below and (iv) solely with respect to the 2029 Notes, other than the pro rata portion of the 2029 Notes that were validly tendered at or prior to the Early Tender Deadline and that Level 3 Financing would have accepted for purchase in accordance with the previously announced Acceptance Priority Levels and Former Aggregate Maximum Tender Cap provided in the Original Statement (which will only include 2029 Notes that remain validly tendered at the Expiration Date) (the "Pro Rated Early 2029 Notes"), Level 3 Financing's obligation to accept for purchase, and to pay for, such 2029

------

Notes that are validly tendered pursuant to the Tender Offer is conditioned on the satisfaction or waiver by Level 3 Financing of the receipt by Level 3 Financing at or prior to the Expiration Date, on terms satisfactory to it in its sole discretion, of a minimum of $1.75 billion in gross proceeds from the previously announced Debt Financing or one or more other debt financings (the "2029 Notes Financing Condition").

There will not be an early settlement date for the 2029 Notes. The Pro Rated Early 2029 Notes will not be subject to the 2029 Notes Financing Condition and, subject to the other terms and conditions set forth in the Original Statement, Level 3 Financing will purchase the Pro Rated Early 2029 Notes on the Final Settlement Date even if the 2029 Notes Financing Condition has not been satisfied or waived by Level 3 Financing, upon the terms and subject to the conditions set forth in the Original Statement.

**<u>Early Tender Deadline</u>**

The Withdrawal Deadline has passed for the 2031 Notes, 3.875% 2030 Notes and 4.500% 2030 Notes and the 2031 Notes, 3.875% 2030 Notes and 4.500% 2030 Notes tendered pursuant to the Tender Offers may no longer be withdrawn, except in the limited circumstances described in the Statement. As of 5:00 p.m. EST, on December 19, 2025 (the "Early Tender Deadline"), approximately $2.124 billion aggregate principal amount of Existing Second Lien Notes were validly tendered and not validly withdrawn, and approximately $1.5 billion have been accepted for purchase, in each case as set forth in more detail in the table below.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Series of Existing Second<br>Lien Notes** | **CUSIP<br>Number<sup>(1)</sup>** | **Aggregate<br>Principal<br>Amount<br>Outstanding<br>prior to the<br>Tender Offers** | **Acceptance<br>Priority<br>Level** | **Principal<br>Amount<br>Tendered at<br>Early Tender<br>Deadline** | **Percentage of<br>Aggregate<br>Principal<br>Amount<br>Outstanding<br>Participated<br>at the Early<br>Tender<br>Deadline** | **Principal<br>Amount<br>Accepted for<br>Purchase at<br>the Early<br>Settlement**<br>**Date** | **Total<br>Consideration<sup>(2)</sup>** |
|  4.000% Second Lien Notes due 2031 | 527298CH4 (144A)<br> U52783BH6<br> (Reg S)<br> 527298CJ0 (IAI) | $452500000 | 1 | $432115000 | 95.50% | $432115000 | $915.00 |
|  3.875% Second Lien Notes due 2030 | 527298CF8 (144A)<br> U52783BG8<br> (Reg S)<br> 527298CG6 (IAI) | $458214000 | 2 | $433855600 | 94.68% | $433855600 | $922.50 |
|  4.500% Second Lien Notes due 2030 | 527298CD3 (144A)<br> U52783BF0 (Reg S)<br> 527298CE1 (IAI) | $711902000 | 3 | $702834200 | 98.73% | $702834200 | $952.50 |
|  4.875% Second Lien Notes due 2029 | 527298CB7 (144A)<br> U52783BE3<br> (Reg S)<br> 527298CC5 (IAI) | $606230000 | 4 | $555596000 | 91.65% | $0<sup>(3)</sup> | $985.00 |

---

(1) No representation is made as to the correctness or accuracy of the CUSIP numbers listed above or printed on the
Existing Second Lien Notes. They are provided solely for the convenience of holders of the Existing Second Lien Notes.

(2) Per $1,000 principal amount of Existing Second Lien Notes. Includes the Early Tender Premium for Existing
Second Lien Notes validly tendered at or prior to the Early Tender Deadline (and not validly withdrawn) and accepted for purchase by us. Excludes Accrued Interest, which will be paid on Existing Second Lien Notes accepted for purchase by us as
described in the Statement.

(3) Assuming no validly tendered 2029 Notes are validly withdrawn after the Early Tender Deadline, the principal
amount of Pro Rated Early 2029 Notes would be $35,465,300. Level 3 will accept for purchase and pay for all Pro Rated Early 2029 Notes on the Final Settlement Date even if the 2029 Notes Financing Condition has not been satisfied or waived by
Level 3, upon the terms and subject to the conditions set forth in the Original Statement.

------

In addition to the applicable Total Consideration, accrued and unpaid interest from the last interest payment date up to, but not including, the early settlement date, which is currently expected to occur on December 23, 2025 (the "Early Settlement Date"), will be paid by Level 3 Financing in same day funds on the Early Settlement Date or Final Settlement Date, as applicable, on all validly tendered Existing Second Lien Notes accepted for purchase in the Tender Offers.

The Tender Offers will expire at 5:00 p.m. EST, on January 7, 2026 unless extended, earlier expired or terminated (such time and date, as the same may be extended, earlier expired or terminated with respect to one or more series of Existing Second Lien Notes, the "Expiration Date"). The purchase price plus accrued interest for the Pro Rated Early 2029 Notes and any other Existing Second Lien Notes that are validly tendered on or before the Expiration Date and accepted for purchase will be paid by Level 3 Financing in same-day funds promptly following the Expiration Date on the final settlement date, which is currently expected to occur on January 9, 2026 (other than the 2031 Notes, 3.875% 2030 Notes and 4.500% 2030 Notes that were validly tendered at the Early Tender Deadline, which will settle on the Early Settlement Date). No tenders will be valid if submitted after the Expiration Date.

As set forth in the Statement, Level 3 Financing solicited consents to (a) proposed amendments to the applicable indenture governing each series of the Existing Second Lien Notes (each, an "Any and All Indenture") that, among other things, eliminate substantially all of the restrictive covenants and eliminate certain events of default (the "Proposed Majority Amendments"), and (b)(1) to release all collateral securing the obligations of Level 3 Financing and the guarantors under such Any and All Indentures and (2) certain other amendments applicable to the Any and All Indentures to, among other things, eliminate certain additional restrictive covenants and events of default (the "Collateral Release and 2/3 Amendment").

The Proposed Majority Amendments require the consent of holders of a majority of the aggregate principal amount outstanding of the applicable series of the Existing Second Lien Notes (the "Majority Amendment Requisite Consents"), and the Collateral Release and 2/3 Amendment require the consent of holders of at least 66-2/3% in aggregate principal amount of the applicable series of Existing Second Lien Notes (the "Collateral Release and 2/3 Requisite Consents"). As of the Early Tender Deadline, Level 3 Financing has received the Majority Requisite Consents and the Collateral Release and 2/3 Requisite Consents with respect to the 2031 Notes, 3.875% 2030 Notes and 4.500% 2030 Notes, each of which series constitutes a series of Any and All Notes (collectively, the "Requisite Consents"). Accordingly, Level 3 Financing and the guarantors of such series of the Existing Second Lien Notes will enter into supplemental indentures with the trustees and collateral agents for such series of the Existing Second Lien Notes to effect the Proposed Majority Amendments and the Collateral Release and 2/3 Amendment with respect to such series of the Existing Second Lien Notes promptly after the Early Tender Deadline. The Majority Proposed Amendments and the Collateral Release and 2/3 Amendment will not become operative until the Final Settlement Date for such series of Notes. As of the Early Tender Deadline, Level 3 Financing has received the Majority Requisite Consents and the Collateral Release and 2/3 Requisite Consents with respect to the 2029 Notes, subject to revocation of consents with respect to any 2029 Notes validly withdrawn prior to the Withdrawl Deadline for the 2029 Notes. Accordingly, we expect that if the 2029 Notes Financing Condition and the other conditions to the Offer are satisfied (or waived in our sole discretion) on or prior to the Final Settlement Date and all 2029 Notes validly tendered and not validly withdrawn prior to the Expiration Date are accepted for payment on the Final Settlement Date, then Level 3 Financing and the guarantors of such series of the Existing Second Lien Notes will enter into a supplemental indenture with the trustee and collateral agent for the 2029 Notes to effect the Proposed Majority Amendments and the Collateral Release and 2/3 Amendment with respect to the 2029 Notes promptly after the Expiration Date.

**<u>General</u>**

In connection with the Tender Offers and Consent Solicitations, Level 3 Financing has retained Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC, among others, to act as Dealer Managers (the "Dealer Managers") and Global Bondholder Services Corporation to act as the information agent and the tender agent (in such capacity, the "Tender and Information Agent") in connection with the Tender Offers and Consent Solicitations. Requests for assistance or copies of the Statement or any other documents related to the Tender Offers and Consent Solicitations

------

may be directed to the Tender and Information Agent at the contact details set forth below. Questions in relation to the Tender Offers and Solicitations may be directed to the Dealer Managers and Tender and Information Agent at the addresses and telephone numbers set forth below.

This announcement is for informational purposes only and is not an offer to purchase or sell or a solicitation of an offer to purchase or sell, with respect to any securities. The Tender Offers are being made only pursuant to the terms of the Statement. None of Level 3 Financing, the Tender and Information Agent, the Dealer Managers, or the trustee makes any recommendation as to whether Holders should tender their notes pursuant to the applicable offer, and no one has been authorized by any of them to make such a recommendation. Holders must make their own decisions as to whether to tender their notes, and, if so, the principal amount of the notes to tender.

The Tender Offers and the Consent Solicitations are not being made to Holders in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the Tender Offers and the Consent Solicitations are required to be made by a licensed broker or dealer, the Tender Offers and the Consent Solicitations will be deemed to be made on behalf of Level 3 Financing by the Dealer Managers, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

**The Dealer Managers** 

Citigroup Global Markets Inc.

388 Greenwich Street, 7th Floor

New York, New York 10013

Attention: Liability Management Group

Collect: (212) 723-6106

Toll-Free: (800) 558-3745

Morgan Stanley & Co. LLC

1585 Broadway, 6th Floor

New York, New York 10036

Attention: Liability Management Group

Collect: (212) 761-1057

Toll-Free: (800) 624-1808

**The Tender and Information Agent** 

Global Bondholder Services Corporation

65 Broadway, Suite 404

New York, New York 10006

Banks and Brokers Call Collect: (212)-430-3774

All Others Call Toll Free: (855) 654-2014

**About Lumen Technologies** 

Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers' needs today and as they build for tomorrow.

Lumen and Lumen Technologies are registered trademarks of Lumen Technologies, Inc. in the United States. Level 3 Financing, Inc. is a wholly owned affiliate of Lumen Technologies, Inc.

------

**Forward-Looking Statements** 

*Except for historical and factual information, the matters set forth in this release and other of our oral or written statements identified by words such as "estimates," "expects," "anticipates," "believes," "plans," "intends," and similar expressions are forward-looking statements. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include, but are not limited to: failure of the conditions set forth in the Statement to be satisfied or waived; corporate developments that could preclude, impair or delay the above-described transactions due to restrictions under the federal securities laws; changes in Level 3 Financing's credit ratings; changes in the cash requirements, financial position, financing plans or investment plans of Level 3 Financing or its affiliates; changes in general market, economic, tax, regulatory or industry conditions that impact the ability or willingness of Level 3 Financing or its affiliates to consummate the above-described transactions on the terms described above or at all; and other risks referenced from time to time in the filings of Lumen or Level 3 Parent, LLC with the Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances, or otherwise. We may change our intentions, strategies or plans (including our plans expressed herein) without notice at any time and for any reason.* 

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| | |
|:---|:---|
| **Media Contact:** | **Investor Contact:** |
| Anita J. Gomes<br> Anita.Gomes@lumen.com<br> +1 858-229-8538 | Jim Breen, CFA<br> investor.relations@lumen.com<br> +1 603-404-7003 |

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