Level 3 Completes Offering of Additional $600M Aggregate Principal Amount of Senior Notes

Level 3 Communications, Inc. LVLT today announced that Level 3 Escrow, Inc., its indirect, wholly owned subsidiary, has completed its previously announced offering of an additional $600 million aggregate principal amount of its 8.125% Senior Notes due 2019 in a 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. This offering represented an additional offering of the 8.125% Senior Notes due 2019 that were issued on June 9, 2011. These notes were offered as additional notes under the same indenture as the 8.125% Senior Notes issued on June 9, 2011, and will be treated under that indenture as a single series of notes with the previously issued 8.125% Senior Notes.