Broomfield, Colorado – (The Hosting News) – February 20, 2007 – Colocation, VoIP, and Internet backbone company, Level 3 Communications’ wholly owned subsidiary, Level 3 Financing, Inc., has closed its private offering of $700 million aggregate principal in the amount of 8.75% Senior Notes, due 2017.
In addition, $300 million aggregate principal amount of Floating Rate Notes due 2015 were finalized, for the previously announced
$1.0 billion aggregate principal amount of senior notes transaction.
The notes are not registered under the Securities Act of 1933 or any state securities laws and, unless so registered, may not be offered or sold except pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws.
Level 3 Communications, Inc., an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. The services are designed to provide building blocks that enable Level 3’s customers to meet growing demands for advanced communications solutions.The principal components offered by Level 3’s (3)VoIP Enhanced Local service include network trunking, local telephone numbers, local number portability, the safety of E-911, operator assistance, caller ID, directory listings, and directory assistance. The service is designed to allow Level 3 customers to retain the flexibility to manage and control end-user features without the difficulties of implementing complex interconnection arrangements.
For more information about Level 3, please visit: www.level3.com.