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Level 3 Parent, LLC – ‘8-K’ for 3/13/07 – ‘EX-99.1’

On:  Friday, 3/16/07, at 10:03am ET   ·   For:  3/13/07   ·   Accession #:  1193125-7-56509   ·   File #:  0-15658

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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

Current Report   —   Form 8-K
Filing Table of Contents

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 


EX-99.1   —   Press Release Dated March 14, 2007


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  Press Release dated March 14, 2007  

Exhibit 99.1

LOGO

1025 Eldorado Boulevard

Broomfield, Colorado 80021

www.Level3.com

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, 2007Level 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.


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:3/16/07
3/14/078-K
For Period End:3/13/07
12/31/0610-K,  10-K/A
 List all Filings 


4 Subsequent Filings that Reference this Filing

  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
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Filing Submission 0001193125-07-056509   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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