DENVER--(BUSINESS WIRE)--Lumen Technologies agreed to sell $2.00 billion of First Lien Notes due 2034, a $750 million increase from previously announced size of the offering.
Lumen's Q2 results showed ongoing revenue declines, but significant cost reductions and debt restructuring signal improving fundamentals. The AT&T fiber sale will reduce annual interest and capex by ~$300M and $1B, respectively, supporting free cash flow and debt reduction. Shares trade at a reasonable valuation given ongoing revenue struggles, but the turnaround story is progressing nicely so ...
DENVER--(BUSINESS WIRE)--Lumen Technologies plans to raise $1.25B through a private offering of First Lien Notes due 2034 to help refinance $1.075B of existing debt due 2029.
Lumen Technologies, Inc. is a turnaround story that markets overlook, as it focuses on balance sheet health, EBITDA growth, and returning to revenue growth driven by AI infrastructure investments. Despite a Q2 loss and revenue decline, Lumen raised its free cash flow outlook and continues executing on major contracts, including an $8.5 billion private connectivity fiber deal. Debt remains a man...
Lumen Technologies, Inc. (NYSE:LUMN ) Q2 2025 Earnings Conference Call July 1, 2025 5:00 PM ET Company Participants Christopher David Stansbury - Executive VP & CFO Jim Breen - Corporate Participant Kathleen E. Johnson - President & CEO Conference Call Participants Batya Levi - UBS Investment Bank, Research Division Eric Thomas Luebchow - Wells Fargo Securities, LLC, Research Division Frank Gar...
Lumen Technologies on Thursday reported a smaller-than-expected second-quarter loss and raised its full-year free cash flow forecast by more than 60%, helped by cost savings from President Trump's tax cut legislation.
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