November 20, 2013

Level 3 Communications, Inc. prices $300 million Rule 144A offering of senior notes.

On November 13, Willkie client Level 3 Communications, Inc. announced that Level 3 Financing, Inc., its wholly owned subsidiary, has agreed to sell $300 million aggregate principal amount of its Floating Rate Senior Notes due 2018 in a Rule 144A offering to qualified institutional buyers. Willkie also advised on Level 3’s $640 million 144A offering of senior notes in October. The current offering is expected to close on November 26. Based in Bloomfield, Colorado, Level 3 is a Fortune 500 company that provides local, national and global communications services to enterprise, government and carrier customers.

The deal was handed by partners David Boston, Laura Delanoy and William Hiller, and associates Julian Golay and Andrew Endicott.