Firm Advises Level 3 in $775 Million Bond Offering

August 8, 2012

Level 3 Communications, Inc. completes latest Rule 144A offering of senior notes.

On August 1, Willkie client Level 3 Communications, Inc.announced that Level 3 Financing, Inc., its wholly owned subsidiary, has agreed to sell $775 million aggregate principal amount of its 7% Senior Notes due 2020 in a Rule 144A offering to qualified institutional buyers. The offering was completed on August 6. Based in Bloomfield, Colorado, Level 3 is a leading international provider of fiber-based communications services. The deal was handed by partners David Boston, Laura Delanoy, Cristopher Greer and William Hiller and associates Howard Block, Joseph Antignani and Nicholas Cirella.