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.
Price Chart
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
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
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
Investment Themes
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 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 8, 2026 7w ago | Institutional Cluster | $6.64 $6.64 | · 0.00% | ▲ +0.91% | $5.75 (−13.40%) |
Aug 6, 2026 8w ago | Insider Buy | $6.24 $6.77 | ▲ +8.49% | ▲ +8.89% | $5.75 (−7.85%) |
May 27, 2026 18w ago | 8-K | $10.87 $8.32 | ▼ −23.46% | ▼ −21.56% | $5.75 (−47.10%) |
May 20, 2026 19w ago | 8-K | $9.31 $8.20 | ▼ −11.92% | ▼ −12.66% | $5.75 (−38.24%) |
May 14, 2026 20w ago | 8-K | $10.34 $8.49 | ▼ −17.89% | ▼ −17.03% | $5.75 (−44.39%) |
Apr 16, 2026 24w ago | 8-K | $8.51 $9.40 | ▲ +10.46% | ▲ +4.64% | $5.75 (−32.43%) |
Apr 16, 2026 24w ago | 8-K | $8.51 $9.40 | ▲ +10.46% | ▲ +4.64% | $5.75 (−32.43%) |
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