By Ben Glickman

Lumen Technologies has reached a deal with a group of creditors to push out maturities of its debt and secure additional financing.

The Denver-based telecommunications company said Tuesday that the group of creditors, which hold more than $7 billion of the company's debt, had reached a transaction support agreement.

The deal will also provide Lumen with $1.2 billion in additional financing in long-term debt.

Lumen previously had about $1.9 billion in debt due in 2025 and another tranche of credit due in 2027.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

October 31, 2023 17:13 ET (21:13 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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