CenturyLink, Inc. Completes its Previously-Announced Debt Initiatives
January 31, 2020 at 04:47 pm EST
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CenturyLink, Inc. announced that it successfully completed an extension and repricing of its senior secured credit facilities originally entered into in June 2017. As amended, the maturity date of CenturyLink's Term Loan A, Term Loan A-1 and revolving credit facilities was extended from Nov. 1, 2022 to Jan. 31, 2025, and the maturity date of CenturyLink's Term Loan B facility was extended from Jan. 31, 2025 to March 15, 2027. The loan amendments also, among other things, (i) reduced the applicable margins used to determine interest rates governing loans under each of these facilities and (ii) resized the amount of indebtedness under each of these facilities.
Lumen Technologies, Inc. is a facilities-based technology and communications company. The Company provides a range of integrated products and services to its domestic and global business customers and its domestic mass markets customers. It operates through two segments: Business segment and Mass Markets segment. Its Business segment provides its products and services under four sales channels to meet the needs of its enterprise and commercial customers. Its products and services in this segment include Dark Fiber, Edge Cloud Services, Internet Protocol (IP), Managed Security Services, Software-Defined Wide Area Networks (SD WAN), Secure Access Service Edge (SASE), Optical Services, Ethernet, VPN Data Networks, Voice Services, IT Solutions and Other Legacy Services. Its Mass Markets segment provides products and services to residential and small business customers. Its products and services in this segment include Fiber Broadband, Other Broadband and Voice and Other.
LUMEN TECHNOLOGIES, INC. 
