Lumen Technologies Inc. (NYSE:LUMN) saw a 3.44% rebound on Tuesday, closing at $7.81 per share after a three-day drop. The stock was down 3.7% month-to-date. LUMN announced the early redemption of its note series, raising concerns among shareholders about potential cash burn and new debt.

The company recently planned to raise $1.25 billion from senior notes due 2036, $500 million more than initially planned. The notes carry an 8.5% yield rate and will be used to buy back 2029, 2030, and 2031 notes. The 2036 notes will mature on Jan. 15, 2036, fully guaranteed by a subsidiary.

Read more at Yahoo Finance: Lumen Technologies (LUMN) Bounces Back from 3-Day Drop. Here’s Why