10:00 AM EDT, 03/22/2024 (MT Newswires) -- Lumen Technologies ( LUMN ) said Friday it has completed agreements with creditors holding over $15 billion of the company's outstanding debt as part of a restructuring plan.

Following the closing of the transaction agreements, "Lumen is in a strengthened liquidity position," the company said, with a new roughly $1 billion revolving credit facility maturing in June 2028. It has also placed about $1.33 billion of senior secured notes due November 2029.

Shares of the firm were up nearly 3% in early trading on Friday.

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