Level 3 completes $600M offering

BROOMFIELD – Level 3 Communications Inc. (NYSE: LVLT) announced Monday that it completed its previously announced $600 million offering of 5.75-percent senior notes.

The notes will mature on Dec. 1, 2022.

The company has said net proceeds from the offering will be used along with cash on hand to redeem Level 3’s outstanding 11.875-percent senior notes due in 2019.

A notice of redemption on those previous notes was sent out Monday, with redemption scheduled to occur Dec. 31.

In October, Level 3 closed its purchase of rival tw telecom in a deal valued at $7.3 billion. Level 3’s stock price has risen steadily over…