Level 3 Communications (LVLT) International Traction Pushes In-Line 3Q; FBR Capital Raises Price Target to $56

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Go back to Level 3 Communications (LVLT) International Traction Pushes In-Line 3Q; FBR Capital Raises Price Target to $56

Level 3 Announces Proposed Private Offering of Senior Notes

October 29, 2015 6:53 AM EDT

BROOMFIELD, Colo., Oct. 29, 2015 /PRNewswire/ -- Level 3 Communications, Inc. (NYSE: LVLT) today announced that Level 3 Financing, Inc., its wholly owned subsidiary, plans to offer $500 million aggregate principal amount of senior notes that will mature in 2024 and will bear interest at a fixed rate (the "Notes") in a proposed private offering to "qualified institutional buyers," as defined in Rule 144A under the Securities Act of 1933, as amended, and non-U.S. persons outside the United States under... More

Level 3 Reports Third Quarter 2015 Results

October 28, 2015 6:50 AM EDT

BROOMFIELD, Colo., Oct. 28, 2015 /PRNewswire/ -- Level 3 Communications, Inc. (NYSE: LVLT) today reported results for the third quarter 2015.

"As we approach the one year mark of the tw telecom acquisition, we are pleased with the progress we have made as a combined company to strengthen Level 3's competitive position," said Jeff Storey, president and CEO of Level 3. "The continued transition in technology creates an ongoing opportunity for Level 3. We are continuing to invest in the business to position the company... More