May 18, 2009 (FinancialWire) — Level 3 Communications, Inc. (NASDAQ: LVLT) financing unit has closed a $60 million senior secured tranche B term loan addition for net proceeds were approximately $60 million.

The transaction expanded the size of the financing unit’s existing term loan from $220 million to $280 million, according to Level 3. The company said that no changes were made to any of the restrictive covenants contained in the existing senior secured credit facility.

Broomfield, Colorado-based Level 3 Communications is a provider of fiber-based communications services that it sells to enterprise, content, wholesale and government customers.

Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.