Willkie Represents Level 3 in $600 Million Bond Offering

July 19, 2011

Level 3 announces pricing of $600 million Rule 144A offering of senior notes.

On July 14, Willkie client Level 3 Communications, Inc. announced that Level 3 Escrow, Inc., its newly formed subsidiary, has agreed to sell an additional $600 million aggregate principal amount of 8.125% Senior Notes due 2019 in a Rule 144A offering to qualified institutional buyers. Based in Bloomfield, Colorado, Level 3 is a leading international provider of fiber-based communications services. The deal was handled by partners David Boston, Laura Delanoy, Cristopher Greer and William Hiller, and associates Michael Brandt, Howard Block and Laura Acker.