Tag Archives: Senior Notes

Windstream announces proposed private offering of $500 million of senior notes due 2021

Windstream Corp. (Nasdaq: WIN) announced today that it intends to offer in a private placement $500 million aggregate principal amount of senior notes that will mature in 2021 and bear interest at a fixed rate. The offering is expected to be completed in late March 2011, subject to market and other conditions.

If the offering is successfully placed, Windstream expects to increase the maximum amount of 8.625% Senior Notes due 2016 it is seeking in its previously announced tender offer.

Qwest Communications International Inc. Announces Offering of $500 Million of Debt Securities and Redemption of 7.25% Senior Notes Due 2011

Qwest Communications International Inc. (NYSE:Q), today announced that it is offering $500 million aggregate principal amount of debt securities in a private placement to be conducted pursuant to Rule 144A under the Securities Act of 1933, as amended. The net proceeds of the offering will be used for general corporate purposes, including repayment of indebtedness, and funding and refinancing investments in the company

Level 3 Pricing of Private Offering of Senior Notes

Level 3 Communications, Inc. (Nasdaq: LVLT) subsidiary, Level 3 Financing, Inc., has agreed to sell $640 million aggregate principal amount of 10% Senior Notes due 2018 in a 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 Regulation S under the Securities Act of 1933, as amended. The notes were priced to investors at 97.982% of their principal amount.

The net proceeds from the offering will be used to fund Level 3 Financing’s purchase of its 12.25% Senior Notes due 2013 in a concurrent tender offer and consent solicitation. The closing of the offering is conditioned upon the valid tendering, and acceptance by Level 3 Financing, of a minimum aggregate principal amount of notes in the tender offer and consent solicitation, receipt of a minimum amount of consents in the tender offer and consent solicitation and the satisfaction or waiver of the other conditions to the tender offer and consent solicitation (collectively, the “Closing Conditions”).
The offering is expected to be completed on Jan. 20, 2010, subject to the satisfaction or waiver of the Closing Conditions.

The senior notes will not be registered under the Securities Act of 1933, as amended, or any state securities laws and, unless so registered, may not be offered or sold except pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933, as amended, and applicable state securities laws.

Level 3 Announces Proposed Private Offering of Senior Notes

Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that its subsidiary, Level 3 Financing, Inc., plans to offer $640 million aggregate principal amount of senior notes that will mature in 2018 and will bear interest at a fixed rate 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 Regulation S under the Securities Act of 1933, as amended.

The net proceeds from the offering will be used to fund Level 3 Financing’s purchase of its 12.25% Senior Notes due 2013 in a concurrent tender offer and consent solicitation. The closing of the offering is conditioned upon the valid tender of a minimum aggregate principal amount of notes and the receipt of a minimum amount of consents in the tender offer and consent solicitation.
The senior notes will not be registered under the Securities Act of 1933 or any state securities laws and, unless so registered, may not be offered or sold except pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws.