Lumen seeks bank support for proposed debt swap deal, WSJ reports

Late in 2023, telecommunications network operator, Lumen Technologies, said it negotiated a debt swap agreement with a group of lenders to “extend the maturities on billions of dollars in debt to 2029 and 2030,” wrote the WSJ’s Soma Biswas, The deal with bank lenders to extend Lumen’s maturities on the debt and raise fresh capital was pushed back end of January, added the story. “We have made significant progress to date with our creditors .We have ample liquidity, and we are playing to win,”said the company CFO in an e-mailed statement, according to the WSJ story.