Lumen’s $15 Billion Restructuring Exposes Cruelty of Today’s Credit Markets
Debt deal for the US telecoms firm is a sign of the tougher times facing some lenders
Lumen Technologies has pulled off a tough restructuring.
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Welcome to The Brink. We’re Jeremy Hill and Reshmi Basu, reporters in New York, where we looked into the brutal restructuring of Lumen Technologies. We also have news on Chinese real estate, Thames Water and Chilean telco WOM. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @JeremyHtweets
The closing of Lumen Technologies’ monster restructuring provides a fresh opportunity to reflect on what a cruel place corporate credit markets have become.