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Level 3 to redeem 8¾% notes; offering proceeds to fund redemption
By Ashley Montgomery
Kansas City, Kan., Aug. 6 - Level 3 Communications, Inc. subsidiary Level 3 Financing, Inc. plans to use the proceeds from its $775 million offering of senior notes to redeem all of its 8¾% senior notes due 2017, according to a news release.
The notes will be redeemed on Sept. 5.
Level 3 is a Broomfield, Colo.-based provider of fiber-based communications services.
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