Replies to post #3775 on LEVEL 3 (LVLT)

[Jerry70]

$ LVLT. On January 29, 2015, Level 3 Communications, Inc. (“Level 3”) and its wholly owned subsidiary, Level 3 Financing, Inc. (“Level 3 Financing”), entered into an indenture (the “Indenture”) with The Bank of New York Mellon Trust Company, N.A., as trustee, in connection with Level 3 Financing’s issuance of $500,000,000 aggregate principal amount of its 5.625% Senior Notes due 2023 (the “5.625% Senior Notes”). The net proceeds from the offering of the 5.625% Senior Notes, together with cash on hand, will be used to redeem all of Level 3 Financing’s approximately $500 million outstanding aggregate principal amount of 9.375% Senior Notes due 2019, including accrued interest, applicable premiums and expenses.

The 5.625% Senior Notes are senior unsecured obligations of Level 3 Financing, ranking equal in right of payment with all other senior unsecured obligations of Level 3 Financing. Level 3 has guaranteed the 5.625% Senior Notes on an unsecured basis. The 5.625% Senior Notes will mature on February 1, 2023. Interest on the 5.625% Senior Notes will be payable on June 15 and December 15 of each year, beginning on June 15, 2015.