Level 3 files automatic shelf registration

By Devika Patel

Knoxville, Tenn., Nov. 4 - Level 3 Communications, Inc. and Level 3 Financing, Inc. jointly filed an automatic shelf registration in an S-3-ASR filing with the Securities and Exchange Commission.

The registration for the parent company covers debt securities, preferred stock, depositary shares, warrants, stock purchase contracts, stock purchase units, subscription rights and common stock. The subsidiary's registration covers debt securities and guarantees of debt securities of Level 3 Financing by the parent company and Level 3 Communications, LLC.

The debt securities and preferreds may be convertible.

Proceeds will be used for working capital, capital expenditures, refinancing existing debt, acquisitions and other general corporate purposes.

Level 3 is a Broomfield, Colo.-based provider of internet protocol services, broadband transport and infrastructure services, collocation services and voice and voice-over-internet-protocol services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.