February 23, 2005
Level 3 Communications, Inc. announces agreements to sell $880 million aggregate principal amount of 10% convertible senior notes due 2011.
On February 22, Willkie client Level 3 Communications, Inc. announced that it has reached agreements to sell $880 million aggregate principal amount of 10% convertible senior notes due 2011. Level 3 intends to use the net proceeds from the offering for general corporate purposes, including possible acquisitions, working capital, capital expenditures, debt refinancings and debt repurchases. The transaction was handled by Willkie partners John D’Alimonte and David Boston, and associate Thomas Mark. Level 3 is an international communications and information services company, offering a wide range of communications services over its 23,000-mile broadband fiber optic network.
