June 23, 2006
Level 3 Communications, Inc. announces an equity offering and a debt offering with a combined value of over $900 million.
The firm recently advised Level 3 Communications, Inc. in an equity offering and a debt offering with a combined value of over $900 million. The follow-on equity offering, totaling $569 million, consisted of 125 million shares of common stock priced at $4.55 per share. The debt offering, valued at $335 million, consisted of 3.5% Convertible Senior Notes due 2012. Merrill Lynch & Co. served as the book-running manager for both transactions. Willkie partners John D’Alimonte and David Boston; and associates Natasha Friedrichs, Andrew Mariniello, Thomas Mark, Carla Rothenberg, and Andrea Williams represented Level 3. Additionally, over the past year, the firm has represented Level 3, an international communications and information services company, in a series of significant acquisitions.
