LVLT Falls After Announcing Debt Plans

Level 3 Communications Inc LVLT shares fell after the company announced its plans to issue convertible senior notes for $175 million in debt. Shares of LVLT plunged 12.07% to $1.02 at 1:50 pm. LVLT shares have fallen 4.92% over the previous quarter and lost 24.18% so far this year. Read more from Benzinga's Company news.