Level 3 Communications Announces Closing of $175 Million Offering

Level 3 Communications, Inc. LVLT today announced that it has completed its previously announced offering of $175 million aggregate principal amount of its 6.5% Convertible Senior Notes due 2016 in an underwritten offering. The Convertible Senior Notes will mature on October 1, 2016, and are convertible into the company's common stock at an initial conversion price of $1.235 per share.