LUMN 8-K SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

LUMN ▲ +10.46% at T+20d

NEUTRAL call ✓ call won +10.46% · α vs SPY +4.64% · entry $8.51 → $9.40

Next anchor: T+60d in 5w

Last close $9.01 (close Jun 8) · +5.88% from $8.51 entry

Entry anchored
Apr 16, 04:17 AM ET
via Databento tick

T+1d

+0.71%

call +0.71% · α -0.51%

$8.57

settled 8w ago

T+5d

+5.88%

call +5.88% · α +4.89%

$9.01

settled 7w ago

T+20d

+10.46%

call +10.46% · α +4.64%

$9.40

settled 27d ago

T+60d

—

call — · α —

—

in 5w

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Executive Summary

Lumen Technologies entered into a $825 million revolving credit agreement on April 14, 2026, replacing its previous credit facility. The new agreement includes financial covenants requiring a maximum total net leverage ratio of 5.25 to 1.00 and a minimum interest coverage ratio of 2.00 to 1.00. This refinancing represents a neutral financial restructuring that maintains Lumen's credit profile without significant changes to its capital structure.

Key Financial Metrics

Deal Value

$825.0M

Actionable Insight

Monitor Lumen's compliance with the new financial covenants, particularly the 5.25x leverage ratio and 2.0x interest coverage ratio. The company's ability to maintain these ratios will be crucial for continued access to this credit facility.

Key Facts

Lumen entered into a new $825 million revolving credit agreement on April 14, 2026
The agreement replaces the previous Superpriority Revolving/Term A Credit Agreement
The facility matures on April 14, 2029, subject to springing maturity provisions
Financial covenants include a maximum total net leverage ratio of 5.25 to 1.00
Financial covenants include a minimum interest coverage ratio of 2.00 to 1.00
The previous credit facility commitments were terminated as part of this transaction

Financial Impact

The new credit facility maintains Lumen's existing $825 million credit capacity with updated financial covenants

debtleverageinterest_coverage

Risk Factors

Failure to maintain the required financial covenants could trigger default provisions
The springing maturity provision could accelerate repayment if certain debt thresholds are breached

Market Snapshot

Exchange

NYSE

Sector

Telephone Communications (No Radiotelephone)

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-157915
Document: d144157d8k.htm	0001193125-26-157915
Document: 0001193125-26-157915-index-headers.html	0001193125-26-157915
Document: 0001193125-26-157915-index.html	0001193125-26-157915
Document: 0001193125-26-157915.txt	0001193125-26-157915

5 reports for LUMN

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for LUMN — sortable, filterable
	Type				Now
May 27, 2026 13d ago	8-K NEUTRAL ★ 3/10	$10.87 $9.98	▼ −8.19%	▼ −8.66%	$9.01 (−17.11%)
May 20, 2026 20d ago	8-K BULLISH ★ 5/10	$9.31 $10.87	▲ +16.76%	▲ +15.52%	$9.01 (−3.22%)
May 14, 2026 27d ago	8-K NEUTRAL ★ 4/10	$10.34 $9.44	▼ −8.70%	▼ −7.99%	$9.01 (−12.86%)
Apr 16, 2026 7w ago	8-K NEUTRAL ★ 4/10	$8.51 $9.01	▲ +5.88%	▲ +4.89%	$9.01 (+5.88%)
Apr 16, 2026 7w ago	8-K BULLISH ★ 8/10	$8.51 $9.01	▲ +5.88%	▲ +4.89%	$9.01 (+5.88%)

US Market Status

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