Level 3 Financing to redeem $300 million floating-rate notes Dec. 26

By Marisa Wong

Madison, Wis., Dec. 19 - Level 3 Financing, Inc. will redeem all of its outstanding $300 million floating-rate senior notes due Feb. 15, 2015 on Dec. 26, according to a notice.

The notes will be redeemed at par.

The Broomfield, Colo., company announced in November that it planned to redeem the notes using proceeds from an offering of new senior notes but had not released any redemption details.

Level 3 Financing is a subsidiary of Level 3 Communications Inc., a communications services provider.

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