Level 3 calls all $195.7 million of its 5.25% convertibles due 2011

By Toni Weeks

San Diego, Jan. 19 - Level 3 Communications, Inc. announced that it is calling for redemption all $195,702,000 of its outstanding 5.25% convertible senior notes due Dec. 15, 2011.

The notes will be redeemed on Feb. 18 at a redemption price of 100.75.

The company will fund the redemption with the proceeds of its newly issued 11.875% senior notes due 2019.

The Broomfield, Colo.-based company is a provider of fiber-based communications services.

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