Level 3 Communications Announces $175 Million Securities Offering

Level 3 Communications, Inc. LVLT today announced that it is offering $175 million aggregate principal amount of Convertible Senior Notes due 2016 in an underwritten offering. The company will also grant the underwriters an option to purchase up to an additional $26,250,000 aggregate principal amount of Convertible Senior Notes due 2016 solely to cover over-allotments.