Level 3 Financing’s $4.61 Billion Refinancing

Willkie represented CenturyLink in the transaction.

CenturyLink announced that Level 3 Financing successfully completed the refinancing of its outstanding $4.61 billion senior secured Tranche B 2024 Term Loan.

The 2024 Term Loan was refinanced with a new $3.11 billion senior secured Tranche B 2027 Term Loan and the net proceeds of the secured note offerings.

CenturyLink is a technology leader delivering hybrid networking, cloud connectivity, and security solutions to customers around the world. Through its extensive global fiber network, CenturyLink provides secure and reliable services to meet the growing digital demands of businesses and consumers.

The Willkie team was led by partners David Boston (Picture), Laura Acker and David Tarr.

Involved fees earner: Laura Acker – Willkie Farr & Gallagher; David Boston – Willkie Farr & Gallagher; David Tarr – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: CenturyLink;

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Author: Ambrogio Visconti