Level 3 offering $1.2 billion in senior unsecured notes
BROOMFIELD — Level 3 Communications Inc. (NYSE: LVLT) announced on Tuesday that it plans to offer $1.2 billion in a mix of senior unsecured notes that will mature in 2023 and 2025.
The notes will bear interest at a yet-to-be-announced fixed rate.
Company officials said Level 3 would use the net proceeds from the offering, along with cash on hand, to redeem $1.2 billion in 8.125 percent senior notes due in 2019.
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The new notes will not be registered under the Securities Act of 1933.
BROOMFIELD — Level 3 Communications Inc. (NYSE: LVLT) announced on Tuesday that it plans to offer $1.2 billion in a mix of senior unsecured notes that will mature in 2023 and 2025.
The notes will bear interest at a yet-to-be-announced fixed rate.
Company officials said Level 3 would use the net proceeds from the offering, along with cash on hand, to redeem $1.2 billion in 8.125 percent senior notes due in 2019.
The new notes will not be registered under the Securities Act of 1933.
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