January 19, 2012

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

On January 13, Willkie client Level 3 Communications, Inc. announced that Level 3 Financing, Inc., its wholly owned subsidiary, completed an offering of $900 million aggregate principal amount of its 8.625% Senior Notes due 2020 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 Howard Block and Joseph Antignani.