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Published on 6/13/2006 in the Prospect News High Yield Daily.

Level 3 to redeem 9 1/8% notes due 2008, 10½% notes due 2008

By Jennifer Chiou

New York, June 13 - Level 3 Communications, Inc. announced the redemption of its $398.407 million of 9 1/8% senior notes due 2008 and $62.091 million of 10½% senior discount notes due 2008.

The company will redeem the 9 1/8% notes at par and the 10½% notes at 101.75%, both on July 13.

Level 3 added it will pay accrued interest up to the redemption date.

The Bank of New York is the trustee.

Based in Broomfield, Colo., Level 3 is a communications and information services company.


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