Level 3 calls its $171.8 million 10% convertibles due 2011 at 101.67

By Susanna Moon

Chicago, April 28 - Level 3 Communications, Inc. said it issued an irrevocable notice to redeem its $171.8 million outstanding 10% convertible senior notes due May 1, 2011.

The notes will be redeemed at a price of $1,016.70 per $1,000.00 principal amount plus accrued interest up to the redemption date of May 2.

The company said it will use cash on hand to fund the redemption.

Level 3 is a Broomfield, Colo.-based provider of internet protocol services, broadband transport and infrastructure services, collocation services and voice-over-internet-protocol services.

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