Level 3 Communications, the US voice and internet services provider, has announced that its subsidiary, Level 3 Financing, is planning to offer US$350m of senior notes maturing in 2020 in a private placement.
The notes in the proposed offering would…
Level 3 Communications, the US voice and internet services provider, has announced that its subsidiary, Level 3 Financing, is planning to offer US$350m of senior notes maturing in 2020 in a private placement.
The notes in the proposed offering would bear interest at a fixed rate.
In a statement, Level 3 Communications said that a portion of the net proceeds from the offering would be used to redeem a portion of Level 3 Financing’s outstanding 9.25% notes due 2014.
It added that remaining net proceeds would be used for general corporate purposes.
