Lumen Technologies Inc is trading 4.2% up at $8.85 in pre-market, extending a two-day rebound following significant progress in its debt restructuring efforts.
- The company's Qwest subsidiary completed $1.38 billion in new senior notes via a debt exchange, which is viewed as a key step in clarifying and improving the company’s debt structure.
- The stock continues to recover from last week’s volatility, supported by broader gains in equity futures and improved investor sentiment regarding the balance sheet.