CenturyLink’s Level 3 to repay some of term loans via new notes

By Sarah Lizee

Olympia, Wash., Nov. 12 – CenturyLink, Inc. announced that wholly owned subsidiary Level 3 Financing, Inc. plans to repay or retire a portion of the $4,611,000,000 senior secured tranche B 2024 term loans under its existing senior secured credit facility with proceeds from new notes.

Level 3 plans to sell $750 million of new fixed-rate senior secured notes in a private offering, according to a press release.

CenturyLink is a Monroe, La.-based communications, hosting, cloud and IT services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.