Lumen debt exchange reveals company plans to ‘fight it out’ amid investor skepticism

Photo of author

Lumen Technologies Inc. is offering to conduct debt swap, which one analyst sees as management’s attempt to “fight it out” amid growing doubts about the telecom company’s ability to turn around its business while with heavy debt load Is.

Lumen LUMN said in morning press release that the company’s subsidiary, Level 3 Financing, has commenced an offer to issue senior secured notes in exchange for Lumen’s senior unsecured notes.


See also  SVB Financial, Bank Stocks, Oracle, DocuSign, Gap, and more stock market movers