Level 3 Announces Proposed Private Offering of Senior Notes

Level 3 Communications, Inc. LVLT today announced that it plans to offer $300 million aggregate principal amount of senior unsecured notes that will mature in 2019 and will bear interest at a fixed rate in a proposed private offering to "qualified institutional buyers," as defined in Rule 144A under the Securities Act of 1933, as amended, and non-U.S. persons outside the United States under Regulation S under the Securities Act of 1933, as amended. The net proceeds from the offering of the notes will be used for general corporate purposes, including the potential repurchase, redemption, repayment or refinancing of the Company's and its subsidiaries' existing indebtedness from time to time.
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