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As Of Filer Filing For·On·As Docs:Size Issuer Agent 3/16/07 Level 3 Parent, LLC 8-K:1,2,8,9 3/13/07 18:1.3M Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 52K 2: EX-4.1 Supplemental Indenture, Dated as of March 13, 2007 HTML 36K 3: EX-4.2 Supplemental Indenture, Dated as of March 13, 2007 HTML 34K 4: EX-4.3 Supplemental Indenture, Dated as of March 13, 2007 HTML 36K 5: EX-4.4 Supplemental Indenture, Dated as of March 13, 2007 HTML 34K 6: EX-4.5 Supplemental Indenture, Dated as of March 13, 2007 HTML 36K 7: EX-4.6 Supplemental Indenture, Dated as of March 13, 2007 HTML 34K 8: EX-4.7 Supplemental Indenture, Dated as of March 13, 2007 HTML 28K 9: EX-10.1 Credit Agreement, Dated March 13, 2007 HTML 533K 10: EX-10.2 Guarantee Agreement, Dated March 13, 2007 HTML 66K 11: EX-10.3 Collateral Agreement, Dated March 13, 2007 HTML 176K 12: EX-10.4 Indemnity, Subrogation and Contribution Agreement, HTML 53K Dated March 13, 2007 13: EX-10.5 Omnibus Offering Proceeds Note Subordination HTML 82K Agreement, Dated March 13, 2007 14: EX-10.6 Supplement No. 1 to Omnibus Offering Proceeds Note HTML 17K Subordination Agreement 15: EX-10.7 Amended and Restated Loan Proceeds Note, Dated HTML 17K March 13, 2007 16: EX-10.8 Amended and Restated Loan Proceeds Note Collateral HTML 101K Agreement Dated March 13,2007 17: EX-10.9 Amended and Restated Loan Proceeds Note Guarantee HTML 26K Agreement Dated March 13, 2007 18: EX-99.1 Press Release Dated March 14, 2007 HTML 17K
Press Release dated March 14, 2007 |
Exhibit 99.1
1025 Eldorado Boulevard
NEWS RELEASE
Level 3 contacts: | ||||||||
Media: | Josh Howell | Investors: | Robin Grey | |||||
720-888-2517 | 720-888-2518 | |||||||
Chris Hardman | Valerie Finberg | |||||||
720-888-2292 | 720-888-2501 |
Level 3 to Webcast
2007 Analyst and Investor Day
Company Announces Closing of $1.4 Billion Credit Facility
BROOMFIELD, Colo., March 14, 2007 — Level 3 Communications, Inc. (Nasdaq: LVLT) will host its 2007 Analyst and Investor Day on March 14, at the Waldorf Astoria in New York City. Registration will begin at 7:30 a.m. EDT, with presentations expected to begin at 8:30 a.m. EDT.
A streaming audio webcast of the event together with the slide presentations will be available both live and archived on Level 3’s investor relations Web site at www.level3.com/investor_relations/index.html.
The company also announced today that its wholly owned subsidiary, Level 3 Financing, Inc., has refinanced its existing $730 million senior secured credit facility by entering into a new senior secured credit facility that, among other things, increased amounts outstanding under the facility to $1.4 billion, extended the maturity of the facility from 2011 to 2014 and decreased the applicable interest rate from LIBOR plus 300 bps to LIBOR plus 225 bps.
Level 3’s outstanding debt, as of December 31, 2006, on an as adjusted basis giving effect to redemptions of certain series of Level 3’s outstanding notes; tender offers for certain series of Level 3’s and Level 3 Financing’s outstanding notes; the issuance by Level 3 Financing of two series of notes; the completion of the acquisitions of Broadwing Corporation and SAVVIS’ CDN services business; and the closing of the new credit facility, each occurring in the first quarter of 2007, was approximately $6.85 billion. The company’s net cash interest expense for 2007 is expected to be approximately $500 million, a decrease from previously issued guidance of $545 million.
Level 3 Financing, Inc., subject to final documentation, also entered into interest rate swap agreements to fix the rate of interest on a notional amount of $1.0 billion.
About Level 3 Communications
Level 3 Communications, Inc (Nasdaq: LVLT), an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. These services provide building blocks that enable Level 3’s customers to meet their growing demands for advanced communications solutions. The company’s Web address is www.Level3.com.
The Level 3 logo is a registered service mark of Level 3 Communications, Inc. in the United States and/or other countries. Level 3 services are provided by a wholly owned subsidiary of Level 3 Communications, Inc.
Forward-Looking Statement
Some of the statements made by Level 3 in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Level 3 believes that its primary risk factors include, but are not limited to: integrate strategic acquisitions; increase the volume of traffic on our network; defend our intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of our debt obligations. Additional information concerning these and other important factors can be found within Level 3’s filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors.
This ‘8-K’ Filing | Date | Other Filings | ||
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Filed on: | 3/16/07 | |||
3/14/07 | 8-K | |||
For Period End: | 3/13/07 | |||
12/31/06 | 10-K, 10-K/A | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/22/24 Level 3 Parent, LLC 10-K 12/31/23 115:9.9M 2/23/23 Level 3 Parent, LLC 10-K 12/31/22 112:10M 2/24/22 Level 3 Parent, LLC 10-K 12/31/21 113:10M 3/03/21 Level 3 Parent, LLC 10-K 12/31/20 113:9.9M |