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Level 3 Communications Inc (LVLT.K)

LVLT.K on New York Consolidated

53.51USD
20 Oct 2017
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$0.73 (+1.38%)
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Latest Key Developments (Source: Significant Developments)

‍TRC Capital amends offer for Level 3 Communications
Thursday, 5 Oct 2017 11:39am EDT 

Oct 5 (Reuters) - TRC Capital :TRC Capital says due to pending Level 3 Communications and Centurylink deal, TRC amended terms of its tender offer for up to 2 million shares of :evel 3.Says amends tender offer for up to 2 million shares of Level 3 Communications, changed expiration time to 12:01 a.m. New York City time on Oct 10​​.  Full Article

S&P 500 to add Norwegian Cruise Line, drop Level 3
Wednesday, 4 Oct 2017 05:16pm EDT 

Oct 4 (Reuters) - Norwegian cruise line to replace level 3 communications lvlt.n in s&p 500:.  Full Article

U.S. Department Of Justice clears CenturyLink's acquisition of Level 3
Monday, 2 Oct 2017 05:30pm EDT 

Oct 2 (Reuters) - Level 3 Communications Inc :U.S. Department of Justice clears CenturyLink's acquisition of level 3.CenturyLink Inc - ‍under consent decree, combined company is required to divest Level 3 metro network assets in three metro areas​.CenturyLink Inc - ‍divestitures are not expected to have material impact on pro-forma operating revenue and operating cash flows of combined company..CenturyLink Inc - ‍consent decree also provides that combined company will divest 24 strands of dark fiber connecting 30 specified city-pairs.  Full Article

CenturyLink says state of New Jersey has approved its pending acquisition of Level 3 Communications
Wednesday, 23 Aug 2017 05:56pm EDT 

Aug 23 (Reuters) - CenturyLink Inc ::CenturyLink says state of New Jersey has approved CenturyLink's pending acquisition of Level 3 Communications.Another state approves CenturyLink acquisition of Level 3.  Full Article

Level 3 Q2 earnings per share $0.42
Wednesday, 2 Aug 2017 04:15pm EDT 

Aug 2 (Reuters) - Level 3 Communications Inc :Level 3 reports second quarter 2017 results.Q2 revenue $2.061 billion versus I/B/E/S view $2.06 billion.Q2 earnings per share $0.42.Qtrly ‍core network services revenue $1,965 million versus $1,956​ million.Level 3 Communications says ‍for full year 2017, continue to expect adjusted EBITDA of $2.94 to $3.00 billion and free cash flow of $1.10 to $1.16 billion​.Q2 earnings per share view $0.38 -- Thomson Reuters I/B/E/S.  Full Article

Two more states approve Centurylink - Level 3 Acquisition
Tuesday, 1 Aug 2017 04:32pm EDT 

Aug 1 (Reuters) - Level 3 Communications Inc :Two more states approve Centurylink - Level 3 acquisition.Centurylink - Mississippi and Washington approved Centurylink pending acquisition of Level 3 Communications​.  Full Article

Four additional states approve CenturyLink-Level 3 acquisition
Monday, 10 Jul 2017 09:00am EDT 

July 10 (Reuters) - CenturyLink Inc ::Four additional states approve CenturyLink - Level 3 acquisition.CenturyLink Inc - ‍states of Alaska, Colorado, New York and Pennsylvania recently approved CenturyLink acquisition of Level 3 Communications​.CenturyLink Inc - ‍companies continue to expect to receive remaining state, federal and international approvals in time to complete merger by Sept. 30​.  Full Article

CenturyLink announces additional executive leadership appointments
Thursday, 22 Jun 2017 08:30am EDT 

June 22 (Reuters) - CenturyLink Inc :CenturyLink announces additional executive leadership appointments.CenturyLink Inc says continues to expect closure of acquisition will occur by end of Q3 2017.CenturyLink Inc - Edward Morche, who will rejoin level 3 on July 5, will be president - strategic enterprise, Federal Government and State Government.CenturyLink Inc says Laurinda Pang will be president - GAM and International.CenturyLink Inc says Vernon Irvin will be President - SMB.  Full Article

Centurylink says Centurylink Escrow LLC entered into a credit agreement
Tuesday, 20 Jun 2017 05:16pm EDT 

June 20 (Reuters) - Centurylink Inc :Centurylink says on June 19, Centurylink Escrow LLC entered into a credit agreement in connection with pending acquisition of level 3 communications.New term loan facilities consist of $1.575 billion term loan a tranche, a $0.370 billion term loan A-1 tranche and a $6.0 billion term loan B tranche - SEC filing​.Intends to use proceeds to finance cash portion of consideration payable in connection with acquisition​.New revolving credit facility and borrowings under term loan A and A-1 facilities will mature five years after closing of acquisition​.Borrowings under term loan B facility will mature on January 31, 2025​.Agreement providing for $9.945 billion in senior secured credit facilities, consisting of a $2.0 billion revolving credit facility.Agreement providing for $9.945 billion in senior secured credit facilities, also consisting of $7.945 billion of new term loan facilities.New revolving credit facility is designed to replace company's current revolving credit facility.A portion of new revolving credit facility in an amount not to exceed $100 million will be available for swingline loans.A portion of new revolving credit facility in an amount not to exceed $400 million will be available for issuance of letters of credit.  Full Article

CenturyLink says Glen Post III will remain CEO until Jan. 1, 2019
Thursday, 1 Jun 2017 08:00am EDT 

June 1 (Reuters) - CenturyLink Inc ::CenturyLink announces CEO succession plan.CenturyLink Inc says Glen F. Post III will remain ceo until Jan. 1, 2019.CenturyLink Inc says level 3 president and CEO, will become centurylink president and chief operating officer upon closing of merger.CenturyLink Inc says CenturyLink and level 3 continue to expect to close transaction by Sept. 30, 2017..CenturyLink Inc says two companies continue to expect to close transaction by Sept. 30, 2017.CenturyLink - Jeff Storey will succeed post as CEO of CenturyLink effective Jan. 1, 2019 and that post will then become executive chairman of co's board.  Full Article

BRIEF-‍TRC Capital amends offer for Level 3 Communications

* TRC Capital says due to pending Level 3 Communications and Centurylink deal, TRC amended terms of its tender offer for up to 2 million shares of :evel 3