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The latest announcement is out from Lumen Technologies ( (LUMN) ).
On December 23, 2025, Level 3 Financing, an indirect wholly owned subsidiary of Lumen Technologies, completed an upsized $1.25 billion offering of 8.500% senior unsecured notes due 2036, governed by a new indenture that sets standard covenants, default provisions, and optional redemption features, with the notes guaranteed on a senior unsecured basis by Level 3 Parent and certain material domestic subsidiaries. The company used the proceeds, together with cash on hand, to fund tender offers for existing second-lien notes and related costs, and in connection with early tender results and consent solicitations announced on December 22, 2025, it entered into supplemental indentures to strip substantially all restrictive covenants, remove certain events of default, and release collateral securing several series of second-lien notes, signaling an ongoing liability management effort that shifts portions of its capital structure from secured to effectively unsecured obligations, with implications for creditor protections and the company’s financial flexibility.
The most recent analyst rating on (LUMN) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Lumen Technologies stock, see the LUMN Stock Forecast page.
Spark’s Take on LUMN Stock
According to Spark, TipRanks’ AI Analyst, LUMN is a Neutral.
Lumen Technologies’ overall stock score reflects significant financial challenges, including high leverage and negative equity, which weigh heavily on its performance. However, positive technical indicators, strategic debt management, and promising earnings call insights provide some optimism. The valuation remains a concern due to negative earnings and lack of dividends.
To see Spark’s full report on LUMN stock, click here.
More about Lumen Technologies
Lumen Technologies, through its subsidiary Level 3 Financing, operates in the telecommunications and network infrastructure sector, providing connectivity and related services supported by a complex capital structure that includes secured and unsecured debt instruments issued to institutional investors in U.S. and international markets.
Average Trading Volume: 17,930,639
Technical Sentiment Signal: Buy
Current Market Cap: $8.4B
Find detailed analytics on LUMN stock on TipRanks’ Stock Analysis page.