Lumen Technologies Inc. is offering to conduct a debt exchange in what one analyst sees as management’s attempt to “fight it out” amid growing doubts about the telecommunications company’s ability to turn around its business while dealing with a heavy debt load.
Lumen LUMN said in a morning press release that Level 3 Financing, a company subsidiary, has commenced offers to issue senior secured notes in exchange for senior unsecured notes of Lumen.
“We…
Source: https://www.marketwatch.com/story/lumen-debt-exchange-shows-beaten-down-company-plans-to-fight-it-out-amid-investor-doubts-f95ae8d1?siteid=yhoof2&yptr=yahoo