Level 3 completes USD640m senior notes offering

Level 3 Communications, Inc. (NYSE: LVLT) said that its subsidiary Level 3 Financing, Inc. has completed an offering of USD640m aggregate principal amount of its 6.125% senior notes due 2021 in a private offering to qualified institutional buyers.

The notes will mature on Jan. 15, 2021. Level 3 Financing, Inc.´s obligations under the 6.125% senior notes will be fully and unconditionally guaranteed on an unsecured basis by Level 3 Communications, Inc.

The net proceeds from the offering, together with cash on hand, will be used to redeem all of Level 3 Financing, Inc.´s outstanding 10% senior notes due 2018 (the “10% senior notes), including accrued interest, applicable premiums and expenses.

Level 3 Communications provides local, national and global communications services to enterprise, government and carrier customers. For more information, visit www.level3.com.

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