Level 3 to redeem its $640 million 10% notes due 2018 via new offering

By Tali David

Minneapolis, Oct. 30 - Level 3 Communications, Inc. subsidiary Level 3 Financing, Inc. plans to use the proceeds from its $640 million senior note offering to redeem all $640 million principal amount of its outstanding 10% senior notes due 2018, the company announced in a press release.

Level 3 is a Broomfield, Colo.-based provider of fiber-based communications services.

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