Lumen Restructuring Exposes Cruelty of Credit Markets: The Brink

Welcome to The Brink. We’re Jeremy Hill and Reshmi Basu, reporters in New York, where we looked into the brutal restructuring of Lumen Technologies. We also have news on Chinese real estate, Thames Water and Chilean telco WOM. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @JeremyHtweets

Back in Line

The closing of Lumen Technologies’ monster restructuring provides a fresh opportunity to reflect on what a cruel place corporate credit markets have become.

The US telecommunications company last month wrapped up a deal that combined a handful of spicy ...