Level 3 redeems its $195.67 million of 5.25% convertibles due 2011

By Melissa Kory

Cleveland, Feb. 22 - Level 3 Communications, Inc. announced that it redeemed all $195,673,000 of its outstanding 5.25% convertible senior notes due Dec. 15, 2011.

The notes were redeemed on Feb. 18 at 100.75 plus accrued interest.

Bank of New York Mellon was the redemption agent.

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

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