Lumen Technologies Inc. (NYSE: LUMN) announced it has extended the early participation date and withdrawal deadline for exchange offers involving debt securities issued by its subsidiary Qwest Corporation.

The early participation date and withdrawal deadline have been moved from 5 p.m. ET on May 8, 2026 to 5 p.m. ET on May 15, 2026. The exchange offers will expire on May 26, 2026.

The exchange offers involve Qwest's 6.5% Notes due 2056 and 6.75% Notes due 2057. Holders can exchange these securities for new notes with identical interest rates and maturity dates that will be guaranteed by Lumen Technologies.

Lumen and Qwest are also seeking consent from bondholders to amend the existing bond agreements. All other terms of the exchange offers and consent solicitations remain unchanged.

The completion of the exchange offers depends on several conditions, including approval from the Securities and Exchange Commission for the registration statement and the absence of legal obstacles to the exchange.

Morgan Stanley serves as the dealer manager for the transaction, while D.F. King & Co. acts as the information agent and exchange agent.

The companies stated they are not making recommendations to bondholders about whether to participate in the exchange offers. Holders must make their own decisions regarding participation.

A registration statement has been filed with the SEC for the new securities, which will be registered under the Securities Act of 1933 if issued.