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Level 3 calls $500 million 9 3/8% senior notes due 2019 at 104.688
By Susanna Moon
Chicago, March 2 – Level 3 Communications, Inc. said wholly owned subsidiary Level 3 Financing, Inc. issued a call for its $500 million principal amount of 9 3/8% senior notes due 2019.
The company will redeem the notes at 104.688 on April 1, according to a company notice.
Funding for the redemption will come from proceeds of the company’s issue of 5 5/8% senior notes due 2023 on Jan. 29, along with cash on hand.
Level 3 is a fiber-based communications services company based in Broomfield, Colo.
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