Business
Debt exchange Lumen shows company plans ‘against it’ amid investor doubts
Lumen Technologies Inc. is offering a debt swap that one analyst sees as management’s attempt to “fight it” amid growing doubts about the company’s ability to turn around its business. this telecommunications while facing the burden of debt.
Lumen LUMN said in a morning press release that Tier 3 Finance, a subsidiary of the company, has begun offering to issue premium secured bonds in exchange for highly unsecured bonds. Lumen’s level.
“We…