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Summary:

Level 3 Commences is going to retire $450 million in debt and will replace it with new debt finaiciang. The notes to be repurchased mature in 2008 and have interest terms ranging from 9 1/8 to as high as 11 percent. Level 3 is giving note […]

Level 3 Commences is going to retire $450 million in debt and will replace it with new debt finaiciang. The notes to be repurchased mature in 2008 and have interest terms ranging from 9 1/8 to as high as 11 percent. Level 3 is giving note holders until November 29, 2004 to cash out. No details on where the new cash is going to come from, but you can count on one thing: company is going to be paying a lot less in interest charges.

  1. EVER wonder WHAT they are going to do with that new 450 Million CASH???????
    Can you say ”’BUY WILTEL”” and get the SBC CONTRACT?????????

    Skibare

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