Lumen Technologies Inc. is offering to conduct a 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 dealing with a heavy debt load Is.
Lumen LUMN said in a 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.
“We…