From Yahoo Finance: 2025-06-20 16:09:00

Lumen Technologies, Inc. (NYSE:LUMN) subsidiary Level 3 Financing plans to raise $1 billion in the market to refinance debt, making it one of the 11 must-buy AI stocks analysts are betting on. The company will offer $1 billion in First Lien Notes due in 2033, using the proceeds to redeem $924.522 million in senior secured notes due in 2030. This move extends the maturity date of the debt from 2030 to 2033.

Lumen Technologies, Inc. (NYSE:LUMN) is a global communications and IT services company that offers solutions for connecting people’s data and applications securely. While LUMN has investment potential, other AI stocks may offer greater upside potential with less downside risk. For those interested in an undervalued AI stock benefitting from tariffs and onshoring trends, consider the best short-term AI stock.



Read more at Yahoo Finance: Lumen (LUMN) Subsidiary to Raise $1B for AI-Focused Debt Refinancing