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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Technology

Technology

Lumen (LUMN) Subsidiary to Raise $1B for AI-Focused Debt Refinancing

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
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80% Informative

Lumen Technologies, Inc. announced its wholly owned subsidiary Level 3 Financing plans to raise $1 billion in the market to refinance debt.

The refinancing move extends the maturity date of Level 3 financing debt from 2030 to 2033.

The company is a global communications and IT services company that offers solutions that help businesses connect people’s data and applications securely.

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semi-formal

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English

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53

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medium-lived

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1

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