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Prospect News home > News index > List of issuers L > Headlines for Level 3 Financing, Inc. > News item
Published on 11/13/2019 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Fitch rates Level 3 Financing notes BBB-

Fitch Ratings said it assigned a BBB-/RR1 rating to Level 3 Financing, Inc.’s offering of $750 million of senior secured notes due 2027. Level 3 Financing is an indirect wholly owned subsidiary of CenturyLink, Inc.

Proceeds will be used to repay a portion of the senior secured term loan B due 2024. Level 3 Financing had $4.611 billion outstanding on the term loan as of Sept. 30.

Fitch rates CenturyLink BB.

The outlook is stable.


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