CoBank ACB extended and amended a 2015 term loan for Qwest Corporation, an indirect wholly-owned subsidiary of Lumen Technologies. Qwest also completed redemption of the remaining $160 million principal amount of its 6.625% notes due 2055 with U.S. Bank.

As amended, the maturity date of the term loan was extended from Feb. 20, 2025 to Oct. 23, 2027. The amendments also increased the amount of the term loan from $100 million to $215 million, added LIBOR transition language and revised certain of the covenants to conform them to those contained in other of Lumen’s consolidated debt instruments.

On Oct. 26, 2020, Qwest completed its previously announced redemption of the remaining $160 million principal amount of its 6.625% notes due 2055 at par plus accrued and unpaid interest to, but excluding, the redemption date.