Level 3 Financing, Inc.’s High‑Yield Senior Debt Offering
March 22, 2016
Cravath represented the initial purchasers, led by Citigroup and BofA Merrill Lynch, in connection with the US$775 million 144A/Reg. S high‑yield senior debt offering of Level 3 Financing, Inc., guaranteed by Level 3 Communications, Inc., a facilities‑based provider of a broad range of integrated communications services. The transaction closed on March 22, 2016.
The Cravath team included partner Andrew J. Pitts and associates Eric D. Rinder and Sean A. Fernandez‑Ledon.
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M.B.A., 1995, Boston Universitywith High Honors
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J.D., 1994, Boston University School of Lawsumma cum laude
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B.A., 1988, Trinity College
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September 24, 2025
Level 3 Financing, Inc.’s High‑Yield First Lien Notes Tack‑On Offering
Cravath represented the initial purchasers in connection with the $425 million 144A/Reg. S high‑yield first lien notes tack‑on offering of Level 3 Financing, Inc., guaranteed by Level 3 Parent, LLC. Level 3 Financing, Inc. is a direct wholly‑owned subsidiary of Level 3 Parent, LLC and indirect wholly‑owned subsidiary of Lumen Technologies, Inc., a facilities‑based technology and communications company that provides a broad array of integrated products and services. The transaction closed on September 8, 2025.
