LEVEL 3 (LVLT)

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On April 14, 2015, Level 3 Communications, Inc. (“Level 3”) issued a press release announcing that its wholly owned subsidiary, Level 3 Financing, Inc. (“Level 3 Financing”), planned to offer $1.2 billion aggregate principal amount of senior unsecured notes that will mature in 2023 and senior unsecured notes that will mature in 2025, each of which will bear interest at a fixed rate in a proposed private offering to “qualified institutional buyers”, as defined in Rule 144A under the Securities Act of 1933, as amended, and non-U.S. persons outside the United States under Regulation S under the Securities Act of 1933, as amended.


Look out below. The moment we have all been waiting for.