v3.25.2
Long-Term Debt
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Long-Term Debt
Note 5—Long-Term Debt

The following table reflects our consolidated long-term debt as of the dates indicated below, including unamortized discounts and premiums and unamortized debt issuance costs:

Interest Rates (1)
Maturities (1)
June 30, 2025December 31, 2024
   (Dollars in millions)
Senior notes
6.50% - 7.75%
2025-2057$1,973 1,973 
Finance leases
VariousVarious3 3 
Unamortized premiums, net  1 1 
Unamortized debt issuance costs(50)(50)
Total long-term debt  1,927 1,927 
Less current maturities(239)(239)
Long-term debt, excluding current maturities$1,688 1,688 
_______________________________________________________________________________
(1)As of June 30, 2025.

Long-Term Debt Maturities

Set forth below is the aggregate principal amount of our long-term debt as of June 30, 2025 (excluding unamortized premiums, net and unamortized debt issuance costs) maturing during the following years:

(Dollars in millions)
2025 (remaining six months)$238 
20261 
20271 
2028— 
2029— 
2030 and thereafter1,736 
Total long-term debt$1,976 

Qwest Guarantees of Lumen Debt

Lumen’s obligations under its credit agreements entered into on March 22, 2024 and its superpriority secured senior notes issued on and after March 22, 2024 are unsecured, but Qwest Corporation and certain of its subsidiaries have provided an unsecured guarantee of Lumen’s obligations under these agreements and senior notes. See Note 6—Long-Term Debt and Note Payable - Affiliate in Item 8 of Part II of our Annual Report on Form 10-K for the year ended December 31, 2024.

Other Related Information

For information about our senior notes, our 2024 debt transactions and our intercompany debt arrangements, see Note 6—Long-Term Debt and Note Payable - Affiliate to the financial statements included in Item 8 of Part II of our Annual Report on Form 10-K for the year ended December 31, 2024.

Compliance

As of June 30, 2025, we believe we were in compliance with the financial covenants contained in our material debt agreements in all material respects.