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Lumen Technologies ( (LUMN) ) has issued an announcement.
On January 9, 2026, Level 3 Financing, a wholly owned subsidiary of Lumen Technologies, completed an upsized $650 million issuance of additional 8.500% Senior Notes due 2036, bringing the total size of this series to $1.9 billion, with proceeds primarily used to fund the purchase of existing second-lien notes tendered in recently concluded cash tender offers and to cover related interest, fees and expenses, with any remaining funds earmarked for general corporate purposes. The new senior unsecured notes, which carry guarantees from the parent and key domestic subsidiaries and include customary covenants, redemption options and change-of-control protections, are part of a broader balance-sheet restructuring that also saw, as of December 23, 2025 and January 8, 2026, the execution of supplemental indentures and consent-driven amendments that strip most restrictive covenants and collateral from several series of existing second-lien notes, signaling Lumen’s move to simplify its debt stack, increase financial flexibility and shift value from secured to unsecured creditors within its capital structure.
The most recent analyst rating on (LUMN) stock is a Sell with a $7.00 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.
The score is held back primarily by weak fundamentals and balance sheet risk (declining revenue/profitability, high leverage and negative equity). This is partly offset by a more positive earnings outlook driven by cost savings, refinancing/interest reductions, and expanding PCF/NaaS deal momentum. Technicals are mixed with recent weakness but some oversold signals, while valuation is constrained by ongoing losses (negative P/E) and no dividend support.
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 industry, providing enterprise connectivity and related services via a portfolio of long-term debt instruments issued in U.S. capital markets. The company frequently uses secured and unsecured note offerings and liability management transactions, such as tender offers and covenant amendments, to refinance existing debt and adjust its capital structure.
Average Trading Volume: 17,152,211
Technical Sentiment Signal: Buy
Current Market Cap: $8.12B
See more insights into LUMN stock on TipRanks’ Stock Analysis page.