CTDD QWEST CORP

NEUTRAL Impact: 3/10 425
Horizon days Filed May 12, 2026 Processed 1mo ago SEC 0001193125-26-218274
Rule 425 M&A communications
Latest settled — T+5d ⚠ clustered
CTDD ▲ 0.00% at T+5d
NEUTRAL call ✗ call lost 0.00% · α vs SPY -0.08% · entry $19.55 → $19.55
Next anchor: T+20d due 5d ago
Latest observation: T+8 +0.09% FF3 residual α
Entry anchored
May 8, 03:57 PM ET
via Databento tick
T+1d
0.00%
call 0.00% · α -0.58%
$19.55
settled 5w ago
T+5d
0.00%
call 0.00% · α -0.08%
$19.55
settled 27d ago
T+20d
call — · α —
due 5d ago
T+60d
call — · α —
in 7w

Price Chart

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Executive Summary

Lumen Technologies and Qwest Corporation extended the early participation date and withdrawal deadline for their exchange offers of 6.5% and 6.75% Qwest notes from May 15 to May 22, 2026, with the overall expiration remaining May 26. This is the second consecutive procedural extension, indicating the company is seeking more time to attract sufficient noteholder participation. No terms of the exchange offers were changed.

Actionable Insight

The extension suggests lower-than-desired tender participation; monitor upcoming expiration and any further extensions. Low participation could indicate noteholder resistance to terms, potentially impacting Lumen's debt restructuring timeline.

Key Facts

  • Early participation date and withdrawal deadline extended from May 15 to May 22, 2026.
  • Overall expiration remains May 26, 2026.
  • All other terms of the exchange offers and consent solicitations unchanged.
  • This is the second extension (previously extended on May 5).
  • Exchange offers involve Qwest 6.5% Notes due 2056 and 6.75% Notes due 2057 for new registered notes guaranteed by Lumen.

Financial Impact

Not specified

Risk Factors

  • Failure to attract sufficient tenders could hamper debt restructuring efforts.
  • Possible further extensions or term changes if participation remains low.

Market Snapshot

Exchange
NYSE
Sector
Telephone Communications (No Radiotelephone)

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
425 Filing (Primary)0001193125-26-218274
Document: 0001193125-26-218274-index-headers.html0001193125-26-218274
Document: 0001193125-26-218274-index.html0001193125-26-218274
Document: 0001193125-26-218274.txt0001193125-26-218274
7 reports for CTDD
Performance horizon
Filters
Rows
Reports for CTDD — sortable, filterable
Type Now
May 20, 2026
25d ago
8-K
NEUTRAL ★ 4/10
$19.55 $19.55· 0.00%▼ −0.45%
May 12, 2026
4w ago
425
NEUTRAL ★ 3/10
$19.55 $19.55· 0.00%▼ −0.58%
May 12, 2026
4w ago
8-K
NEUTRAL ★ 2/10
$19.55 $19.55· 0.00%▼ −0.58%
May 5, 2026
5w ago
425
NEUTRAL ★ 3/10
$18.88 $19.26▲ +2.01%▲ +0.63%
May 5, 2026
5w ago
8-K
NEUTRAL ★ 2/10
$18.88 $19.26▲ +2.01%▲ +0.63%
Apr 21, 2026
7w ago
EFFECT
NEUTRAL ★ 4/10
$17.93 $18.97▲ +5.80%▲ +4.78%
Apr 20, 2026
7w ago
8-K
NEUTRAL ★ 4/10
$19.27 $17.93▼ −6.95%▼ −6.30%
Showing 7 of 7

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