Key Developments: Level 3 Communications Inc (LVLT.N)

LVLT.N on New York Stock Exchange

48.42USD
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Intelsat expands fiber services across North America with Level 3 Communications
Tuesday, 2 Dec 2014 08:00am EST 

Level 3 Communications:Says it is providing Intelsat S.A., a provider of satellite services, with network connectivity to its new North America headquarters in Tysons Corner, Virginia, in addition to other locations throughout the United States.Coast-to-coast services will provide Intelsat with additional network capacity and diverse routing options.To enhance IntelsatOneSMterrestrial fiber and teleport network linked to Intelsat's global satellite infrastructure, improving information access and operational efficiency, while also ensuring business continuity and disaster recovery across its locations.  Full Article

Level 3 completes offering of $600 mln aggregate principal amount of senior notes
Monday, 1 Dec 2014 04:01pm EST 

Level 3 Communications Inc:Completed its previously announced offering of $600 mln aggregate principal amount of its 5.75 pct Senior Notes due 2022 in a private offering to qualified institutional buyers.The 5.75 pct Senior Notes will mature on Dec. 1, 2022.The net proceeds from the offering, together with cash on hand, will be used to redeem all of Level 3's outstanding 11.875 pct senior notes due 2019, including accrued interest, applicable premiums and expenses.  Full Article

Level 3 announces pricing of private offering of senior notes
Monday, 17 Nov 2014 04:49pm EST 

Level 3 Communications Inc:Agrees to sell $600 mln aggregate principal amount of its 5.75 pct Senior Notes due 2022 in a private offering to "qualified institutional buyers,".Says new 5.75 pct Senior Notes were priced to investors at 100 pct of their principal amount and will mature on Dec. 1, 2022.5.75 pct Senior Notes will not be guaranteed by any of the company's subsidiaries.Net proceeds from the offering of the notes, together with cash on hand, will be used to redeem all of the company's outstanding about $605.2 mln aggregate principal amount of 11.875 pct Senior Notes due 2019.Offering is expected to be completed on Dec. 1.  Full Article

Level 3 Communications Inc proposes private offering of senior notes
Monday, 17 Nov 2014 07:49am EST 

Level 3 Communications Inc:Plans to offer $600 mln aggregate principal amount of senior unsecured notes that will mature in 2022 and will bear interest at fixed rate in a proposed private offering to qualified institutional buyers.Net proceeds from the offering of the notes, together with cash on hand, will be used to redeem all of the company's outstanding about $605.2 mln aggregate principal amount of 11.875 pct Senior Notes due 2019.  Full Article

Level 3 Communications Inc reaffirms FY 2014 EBITDA outlook
Wednesday, 5 Nov 2014 08:03am EST 

Level 3 Communications Inc:Remains confident in its ability to achieve the outlook for FY 2014.Reported EBITDA of $1.624 bln in FY 2013.FY 2014 EBITDA of $1.852 bln - Thomson Reuters I/B/E/S.  Full Article

Level 3 Communications Inc completes acquisition of tw telecom
Friday, 31 Oct 2014 09:21am EDT 

Level 3 Communications Inc:Completes its acquisition of tw telecom.Says tw telecom stockholders are receiving $10 of cash and 0.7 shares of Level 3 common stock for each share of tw telecom common stock owned.tw telecom's common stock will cease trading on NASDAQ as of market close on Oct. 31, and will no longer be listed on NASDAQ.  Full Article

Level 3 Communications Inc announces $2 bln Tranche B 2022 Term Loan
Monday, 13 Oct 2014 08:00am EDT 

Level 3 Communications Inc:Says its subsidiary, Level 3 Financing, Inc has received commitments from lenders to increase the borrowings under its existing senior secured credit facility through the creation of a new $2 bln Tranche B 2022 Term Loan.Says Level 3 Financing will amend and restate its existing senior secured credit facility to include the new Tranche B 2022 Term Loan, which will mature on Jan. 31, 2022.Says net proceeds will be used to finance the cash portion of the merger consideration payable to tw telecom inc. stockholders and to refinance certain existing indebtedness of tw telecom inc., including fees and premiums, in connection with the closing of that acquisition.  Full Article

Level 3 Communications Inc announces marketing of new Tranche B 2022 term loan
Monday, 6 Oct 2014 08:08am EDT 

Level 3 Communications Inc:Says Level 3 Financing, Inc., its wholly owned subsidiary, has begun the marketing of a new senior secured tranche under its existing senior secured credit facility (Tranche B 2022 Term Loan).The net proceeds of the Tranche B 2022 Term Loan to Level 3 Financing will be used to finance the cash portion of the merger consideration payable to tw telecom inc. stockholders pursuant to the pending acquisition of tw telecom inc.Also to refinance certain existing indebtedness of tw telecom inc., including fees and premiums, in connection with the closing of that acquisition.Level 3 Financing expects the closing of the new Tranche B 2022 Term Loan will take place with the closing of the pending acquisition of tw telecom inc.  Full Article

Commonwealth of Massachusetts Adds Level 3 to Statewide ITT46 network services contract
Wednesday, 6 Aug 2014 09:00am EDT 

Level 3 Communications Inc:Announces that the company is now an authorized vendor as part of the Commonwealth of Massachusetts ITT46 network services contract.Says the statewide contract allows Level 3 to offer its network connectivity and communications services directly to a range of public sector agencies.  Full Article

Level 3 Communications Inc subsidiary announces pricing of private offering of senior notes
Tuesday, 29 Jul 2014 06:23pm EDT 

Level 3 Communications Inc:Says Level 3 Escrow II, Inc., indirect, wholly owned subsidiary, has agreed to sell $1 bln aggregate principal amount of 5.375 pct Senior Notes due 2022 in private offering to qualified institutional buyers.New 5.375 pct Senior Notes due 2022 were priced to investors at 100 pct of their principal amount and will mature on Aug. 15, 2022.Gross proceeds from offering of notes will be deposited into segregated escrow account until date on which certain escrow conditions.Including, but not limited to, the substantially concurrent consummation of acquisition by Level 3 of tw telecom inc. and assumption of notes by Level 3 Financing, Inc., wholly owned subsidiary of Level 3 and direct parent company of Level 3 Escrow, are satisfied.If escrow conditions are not satisfied on or before June 15, 2015 (or any earlier date on which Level 3 determines that any of such escrow conditions cannot be satisfied), Level 3 Escrow will be required to redeem notes.Offering is expected to be completed on Aug. 12, 2014.  Full Article

BRIEF-Level 3 to replace Jabil Circuit in S&P 500

Oct 29 - * S&P Dow jones indices says Level 3 Communications Inc to join S&P

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