Lumen and Qwest Complete Exchange Offers, Boost Flexibility
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Lumen Technologies ( (LUMN) ) just unveiled an announcement.
On June 11, 2026, Lumen Technologies and its subsidiary Qwest Corporation settled previously announced exchange offers and related consent solicitations for certain existing Qwest notes. As part of the transaction, Qwest issued $1,002,320,075 of new 6.500% notes due 2051 and $381,528,000 of new 6.750% notes due 2052, fully and unconditionally guaranteed on an unsecured basis by Lumen, with interest payments beginning in September 2026.
The 6.500% notes were issued in both $1 and $25 denominations, while the $25-denominated 2051 notes and the 6.750% 2052 notes are to be listed on the New York Stock Exchange under the symbols CTGG and CTHH, enhancing their tradability for investors. In connection with the consent solicitations, Qwest also entered into new supplemental indentures for its outstanding 6.5% notes due 2056 and 6.75% notes due 2057, eliminating substantially all restrictive covenants and giving the company increased financial and operational flexibility in managing its long-term debt profile.
The most recent analyst rating on (LUMN) stock is a Hold
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 mainly by weak financial performance (declining revenue, ongoing losses, and meaningful leverage/balance-sheet risk), partially offset by strong recent technical momentum and a constructive earnings update centered on higher free cash flow guidance and improved leverage. Valuation is mixed because the negative P/E reflects losses and no dividend yield is provided.
To see Spark’s full report on LUMN stock,
click here.
More about Lumen Technologies
Lumen Technologies, Inc. is a U.S.-based telecommunications and network services company that operates through subsidiaries such as Qwest Corporation. The group focuses on providing communications infrastructure and related services, funding its capital structure partly through long-dated notes issued in U.S. debt markets and listed on major exchanges to reach both institutional and retail investors.
Average Trading Volume: 13,658,060
Technical Sentiment Signal: Buy
Current Market Cap: $8.51B
See more insights into LUMN stock on TipRanks’ Stock Analysis page.
