Level 3 Files Mixed Shelf, For Holders (LVLT)

Print Email

Level 3 Communications, Inc. (NASDAQ: LVLT) has just filed a mixed securities shelf registration with the SEC that will allow the sale of securities.  This filing pertains more to security holders of the company rather than the company itself.

Here is the basic information:

  • $200,124,000 aggregate principal amount of 15% Convertible Senior Notes due 2013;
  • $40,000,000 aggregate principal amount of 6% Convertible Subordinated Notes due 2010;
  • $294,732,000 aggregate principal amount at maturity of 9% Convertible Senior Discount Notes due 2013;
  • 590,474,437 shares of common stock and 140,976,388 shares of common stock which are issuable upon conversion of the notes.

Level 3 will receive none of the proceeds of securities being sold by existing securities holders.

Jon C. Ogg
January 13, 2009