Lumen Starts Debt Talks With Some Bank Lenders Amid Group Split

Some lenders who provided Lumen Technologies Inc.’s revolving credit facility have signed non-disclosure agreements to negotiate a deal with the company, while others are forming a separate group, according to people with knowledge of the matter.

• Loan agent Bank of America Corp. is working with FTI Consulting as the struggling telecommunications company tries to lock down support for a controversial debt restructuring, said the people, who asked not to be identified discussing a private matter
• Meanwhile, another group of RCF lenders is getting debt advice from Lazard Ltd., they added
• Representatives for Lumen, FTI and Guggenheim, which is ...