Lumen, Qwest announce commencement of exchange offers

Lumen (LUMN) Technologies, together with Qwest Corporation, its wholly-owned subsidiary, has commenced offers to exchange the 6.5% Notes due 2056 and 6.75% Notes due 2057 issued by Qwest for 6.500% Notes due 2056 and 6.750% Notes due 2057 to be issued by Qwest, respectively, and to be fully and unconditionally guaranteed on an unsecured basis by Lumen, in each case upon the terms and subject to the conditions set forth in the Prospectus. In connection with the Exchange Offers, Qwest and Lumen are also soliciting consents to amend the Old Qwest Indentures