US operator Level 3 Communications is looking to refinance its tranche B II and tranche B III term loans under its existing credit facility.
BofA Merrill Lynch is leading the refi with Citigroup.
The tranche B II term loan was agreed in August 2011 at…
US operator Level 3 Communications is looking to refinance its tranche B II and tranche B III term loans under its existing credit facility.
BofA Merrill Lynch is leading the refi with Citigroup.
The tranche B II term loan was agreed in August 2011 at US$650m and matures in September 2018. It carries interest equal to Libor plus 4.25% with Libor set at a minimum of 1.5%.
The tranche B III term loan is for US$550m and again carries interest equal to Libor plus 4.25% with Libor set at a minimum of 1.5%.
In its Q2 results Level 3 revealed long-term debt of US$8.2bn.
