Guest ValueCarl Posted February 24, 2011 Share Posted February 24, 2011 Did miscreants hijack the Wikipedia thread on Level 3 Communications(LVLT)? http://en.wikipedia.org/wiki/Level_3_Communications South Florida's Technology Alliance has a new board member today. http://www.prnewswire.com/news-releases/south-florida-technology-alliance-names-joe-monaco-of-level-3-communications-to-board-of-directors-116811073.html "The SFTA is pleased to welcome Joe Monaco of Level 3 Communications as its newest board member. Over the past year, Joe has demonstrated his commitment to help lead the organization in delivering outstanding value to our stakeholders," said Maggio. "As Level 3's senior regional executive, the skills which Joe has developed over his extensive and accomplished tech industry career will help the SFTA continue to support the growth of the technology ecosystem in South Florida." Link to comment Share on other sites More sharing options...
brker_guy Posted February 24, 2011 Share Posted February 24, 2011 TxLaw, I don't know if you saw this about LightSquared: http://www.fiercewireless.com/story/report-lightsquared-talks-sprint-network-sharing-deal/2011-02-23?utm_medium=rss&utm_source=rss Kind of interesting eh? Carl, someone DEFINITELY did hijack the Wikipedia page of LVLT. Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted February 24, 2011 Share Posted February 24, 2011 Brker_guy, I wouldn't be surprised if it was my old shadow, Singer's crew. He had a strange fixation with Genuity, BBN, and the @ sign which Level 3 took control of via Verizon in 2002. I see there is no mention of that there any longer, and some of the "discussion tab" resembles what one interesting IV poster described those Yahoo ilk as reminding him of the "Star Wars Cantina" when he visited recently. ;D In the mean time, it seems to be the 2014 debt, stupid. The $1.680B tranche is what Sunit refi's and extends this time, similar to what those embedded Enron Texas clowns did at Kinder Morgan this morning. This debt story without sufficient revenue is tiring and short conducive, otherwise. I notice the Mouse Lady's crew upgraded Global Crossing today, however. Interesting at a minimum. Maybe (3) should follow this leading Texas PIPE company's idea by monetizing their coal assets and selling them to some aggressive Asian needing a steel fix! Kinder Morgan Chief Executive Richard Kinder said in January that the company was seeking to expand storage capacity at its terminals business to take advantage of increasing demand for coal exports. U.S. coal producers are particularly well-positioned to take advantage of brisk Asian demand for the high-grade coal used in steelmaking, as Australian flooding has disrupted global supplies. J.P. Morgan Global High Yield & Leveraged Finance Conference February 28, 2011 - 2:00 PM ET Speaker: Sunit Patel, Executive Vice President and Chief Financial Officer Senior Secured Term Loan due 2014 On March 13, 2007, Level 3 Communications, Inc., as guarantor, Level 3 Financing, as borrower, Merrill Lynch Capital Corporation, as administrative agent and collateral agent, and certain other agents and certain lenders entered into a Credit Agreement, pursuant to which the lenders extended a $1.4 billion senior secured term loan to Level 3 Financing. The $1.4 billion senior secured term loan has an interest rate of LIBOR plus an applicable margin of 2.25% per annum. In addition, during the second quarter of 2009, Level 3 Financing amended and restated its existing senior secured Credit Agreement to increase the borrowings through the creation of a $280 million Tranche B Term Loan with a current interest rate of LIBOR plus 8.50% per annum, with LIBOR set at a minimum of 3.00%. The entire $1.68 billion senior secured term loan ("Senior Secured Term Loan due 2014") matures on March 13, 2014. The borrower has the option of electing one, two, three or six month LIBOR at the end of each interest period and may elect different options with respect to different portions of the Senior Secured Term Loan due 2014. Interest is payable in cash at the end of each LIBOR period elected in arrears, beginning July 13, 2007, provided that in the case of a six month interest period, interim interest payments are required at the end of the first three months. The interest rate on $1.0 billion of the Senior Secured Term Loan due 2014 resets quarterly and was 2.53% as of December 31, 2009 and 7.0% as of December 31, 2008. The interest rate on $400 million resets quarterly and was 2.53% as of December 31, 2009 and $7.0% as of December 31, 2008. The interest rate on the remaining $280 million of the Senior Secured Term Loan due 2014 issued in the second quarter of 2009 currently resets semiannually and was 11.5% as of December 31, 2009. Level 3 Financing's obligations under this term loan are, subject to certain exceptions, secured by certain assets of the Company and certain of the Company's material domestic subsidiaries that are engaged in the telecommunications business. The Senior Secured Term Loan due 2014 includes certain negative covenants which restrict the ability of the Company, Level 3 Financing and any restricted subsidiary to engage in certain activities. The Senior Secured Term Loan due 2014 also contains certain events of default. It does not require the Company or Level 3 Financing to maintain specific financial ratios or other financial metrics. http://www.sec.gov/Archives/edgar/data/794323/000104746910001553/a2196706z10-k.htm New Issue-Kinder Morgan Energy sells $1.1 bln in 2 parts 02/23 12:24 PM Feb 23 (Reuters) - Kinder Morgan Energy Partners LP (KMP:$72.222,0$0.3220,0.45%) on Wednesday sold $1.1 billion of senior unsecured notes in two parts, said IFR, a Thomson Reuters service. Morgan Stanley, RBS and UBS were the joint bookrunning managers for the sale. BORROWER: KINDER MORGAN ENERGY PARTNERS LP (KMP:$72.222,0$0.3220,0.45%) TRANCHE 1 AMT $500 MLN COUPON 3.50 PCT MATURITY 3/1/2016 TYPE SR NTS ISS PRICE 99.982 FIRST PAY 9/1/2011 MOODY'S Baa2 YIELD 3.504 PCT SETTLEMENT 3/4/2011 S&P TRIPLE-B SPREAD 135 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 20 BPS TRANCHE 2 AMT $600 MLN COUPON 6.375 PCT MATURITY 3/1/2041 TYPE SR NTS ISS PRICE 99.841 FIRST PAY 9/1/2011 MOODY'S Baa2 YIELD 6.387 PCT SETTLEMENT 3/4/2011 S&P TRIPLE-B SPREAD 180 BPS PAY FREQ SEMI-ANNUAL FITCH TRIPLE-B MORE THAN TREAS MAKE-WHOLE CALL 30 BPS Link to comment Share on other sites More sharing options...
brker_guy Posted February 24, 2011 Share Posted February 24, 2011 Everyone, just want to share this side-by-side comparison with you on the Amazon Prime streaming services against NFLX and Hulu Plus: http://www.clicker.com/blog/amazon-prime-instant-a-closer-look-9651.html# As you can see, quality wise, NFLX still has the advantage over the other competitors. So are contents availability from NFLX Carl, the mouse lady upgraded GLBC? Next thing we know, she would be upgrading my most hated fiber company, CCOI. This is a travesty!!!! I agree, it's time for us to monitize our coal asset. As holder of ICO, I am all for that. :-) :-) Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted February 24, 2011 Share Posted February 24, 2011 By nearly 30 percent! Don't worry though, she has had a PT on (3) to $2.00 for what seems like almost a year now, and as soon as she did it-by memory-the stock got pummeled from higher than where it is today, down to the 80 cents range! You can't make stuff like this up, Brker_guy! ;D Of course, (3) can combat it by showing us large victories in the sales arena consistently and persistently! If they can't do that, then maybe Seam and Big Prem will let them buy what once was, Global Corruption! DA Davidson Upgrades Global Crossing (GLBC) to Buy; 2011 Reset Complete; Attractive Valuation DA Davidson upgraded Global Crossing (NASDAQ: GLBC) from Neutral to Buy. PT increased from $15.50 to $20. DA Davidson analyst says, "At current prices, GLBC is trading ... http://www.streetinsider.com/Upgrades/DA+Davidson+Upgrades+Global+Crossing+(GLBC)+to+Buy;+2011+Reset+Complete;+Attractive+Valuation/6321153.html Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted February 25, 2011 Share Posted February 25, 2011 Mary Meeker agrees with me. The US government must allocate valuable investment capital into outsourcing to the LVLT business model, i.e., INFRASTRUCTURE I don't understand why we're not hearing $35B contract wins yet! Call the Admiral because our $1.25's now nearly six months old continue "under performing!" http://www.businessinsider.com/chart-of-the-day-us-tech-research-and-development-spending-2011-2?utm_source=Triggermail&utm_medium=email&utm_term=Silicon+Alley+Insider+Chart+Of+The+Day&utm_campaign=SAI_COTD_022411#ixzz1Evm7jK6n Remember that, the Level 3 Communications Network was born in the Good Ole US of A! http://finance.yahoo.com/news/Boeing-wins-35B-Air-Force-apf-945959562.html?x=0&sec=topStories&pos=2&asset=&ccode= Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted February 25, 2011 Share Posted February 25, 2011 Now, if Mary Meeker is correct as I believe her to be, and these scoundrels representing the inner eye of the PYRAMID, ones who hold influential government POSITIONS like Rockefeller along with other bought and paid for Simpletons in Congress and/or the Senate, continue to seek preventing "LIBERTY" from transcending through the "Internet Door," as wave theorist, Martin Armstrong alludes to here, I will pray to God that US citizens rise up with strong conviction in their hearts, even more aggressively than other venues across the globe, in order to demand displacement of these treasonous, EVIL DOERS of TYRANNY from their ill gotten homes in D.C.! Maybe they can release Martin from his jail cell which Goldman Banksters had him placed in, at the same time! >:( Google says, The Elitists will not usurp CONTROL of this "Great Liberator" called "The Internet." I stand with Google while always marveling at what Martin Armstrong has to say. imo http://www.martinarmstrong.org/files/An%20Islamic%20Revolution%20Is%20It%20on%20Time%2001-30-2011.pdf Link to comment Share on other sites More sharing options...
brker_guy Posted February 28, 2011 Share Posted February 28, 2011 We are now moving into the Middle East: http://biz.yahoo.com/bw/110228/20110228005617.html?.v=1 An interesting update on the Comcast/LVLT battle: http://arstechnica.com/tech-policy/news/2011/02/peers-or-not-comcast-and-level-3-slug-it-out-at-fccs-doorstep.ars This war is not going to end anytime soon... Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted February 28, 2011 Share Posted February 28, 2011 Well, it's good to know that the (3) largest US banks are dependent upon (3)'s network this morning as well as certain undisclosed Federal agencies. I saw a new bank on this morning's slide presentation, and of course, The House that Morgan Built, trumps Goldman, who is now #4, being the missing link. Until we bring Goldman aboard this banking train, or Warren Buffett decides to crush them instead of helping them at $15.00 per second in interest, I remain skeptical. http://www.infoplease.com/toptens/usbanks.html And, why the heck don't they have Wells Fargo yet! That's the cold call to make from Warren Buffett's Kiewit Tower suite, Sunit! ;D http://files.shareholder.com/downloads/LVLT/1183482057x0x445122/0f8b3509-a8d3-4c38-bd7b-41cbb7963ea4/JPM%20High%20Yield%20-%20Level%203%20Communications_20110228.pdf If I didn't know better, I would think Sunit stole O'Hara's 07 growth speech NOTES in that, and I will change the original quote to meet today's facts accordingly: "It's fairly easy to multiply by many times our mid markets enterprise accounts from our current 3 percent market revenue share inside of a $33B addressable market." It's so easy that, Sunit's cold calling customers in certain regions letting them know that (3) is ready to build connections to 100,000 buildings just 500' away from his network in order PROFIT while saving their SHEKELS! LOL! I want a B of A UPGRADE after such good news! Link to comment Share on other sites More sharing options...
brker_guy Posted February 28, 2011 Share Posted February 28, 2011 Carl, very good catch! Somehow, I cruised right past that slide. ;D Say, here is an idea for those (3) guys since I caught some of the Oscars last night and overheard Ms. Hathaway (I always wonder if she has links back to the BRK textile family) said that there were 1BIL people watching the Oscars. If 1BIL people were watching the Oscars, those guys at CDN and Vyvyx must be drooling over this MPAA account, right, you guys at Level (3)? ;) Carl, I think we might need to call in our Anna "the barking dog lady" to give us an UPGRADE now that B of A is using us, right? Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted February 28, 2011 Share Posted February 28, 2011 As long as it is ethical and responsible, Brker_guy, I would welcome "the barking dog lady's" upgrade with open arms. That's a fairly sharp tool in their shed over there, so I wouldn't put it past her to muster up the necessary courage in making a prescient call now that they're eating very healthy, quality cooking. They would be wise to spread the joy to others in the market by word of mouth, and "writing" upgrades about the "shift" taking place towards the "low cost provider" of essential communication services. ;D Note to Sunit, etal, there are some logos on the power point which even a "microscope" would fail at deciphering! >:( Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted February 28, 2011 Share Posted February 28, 2011 Brker_guy, I see no connection to Ann Hathaway and the Berkshire Hathaway Textile Mills-unless you can prove otherwise-as I do Tom Stortz' relationship to the former Stortz Beer Brewery business in Omaha, Nebraska. I wonder if Tom has ever had to resort to drinking "Simpler Times" beer products at 50 cents a can from Trader Joe's like some (3) owners including me. Poor Keith Bare, I mean Skibare! has never gotten over having to eat cat food according to him because of this name! >:( Link to comment Share on other sites More sharing options...
brker_guy Posted March 1, 2011 Share Posted March 1, 2011 Carl, I was joking about Anna Goska and her upgrade. She is almost a ubber bear of (3)'s debt coverage to be putting out any upgrade anytime soon... Only movie that I know of Ms. Hathaway and thought anything of her acting is the "The Devil Wears Prada". Other than that, I don't have a clue about her. :D Are you referring to the "Skibare" on Yahoo's Board? Didn't know that about that guy and Mr. Storz and the Storz Beer Brewery. I thought he was some kind of a cab driver? Speaking of Yahoo, someone posted a prediction of Andrew Seybold on bandwidth shortage by next year. I found this to share with you: http://andrewseybold.com/2088-increased-internet-traffic Look like Mr. Seybold has been saying this as way back as November... Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted March 1, 2011 Share Posted March 1, 2011 My very smart Brker_guy, you are toying with me now! :o Mr. Stortz seems too privileged-old money-to associate with any Skibare types, let alone be found drinking cheap beer in the back of his Boulder, Colorado cab! He'd want the damn limo with Dom Perignone champagne being uncorked for his pleasure the way he chugs down salaries, bonuses, options and consulting fees! ;D I do recall a story about Skibare driving either a certain Munger or Buffett to headquarters, not necessarily tied to ASM's, at some point in this company's cycle, however. <Are you referring to the "Skibare" on Yahoo's Board? Didn't know that about that guy and Mr. Storz and the Storz Beer Brewery. I thought he was some kind of a cab driver?> Thanks for the data point. I really liked the military approach Sunit outlined with "surgical" precision at identifying the buildings with customer bases aligned perfectly for what (3) delivers! Maybe the Admiral is finally calling for a "shock and awe" military strike against these incumbents!!!!!!!!!!!!!!! ;D Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted March 1, 2011 Share Posted March 1, 2011 One more thing about "Skibare," Brker_guy, with factual verification of the story that should only come from him, but I believe when he was "escorting" Mr. Munger in his low cost cab ride, Mr. Munger let out a little "WIND" in the back seat too! ;D This is not your average Skibare! :D http://wind4me.com/ Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted March 1, 2011 Share Posted March 1, 2011 O.K. Brker_guy, now that I have gotten my old friend, Skibare, off of my mind, I am going to share what made me really happy today besides Sunit's excellent presentation identifying "GROWTH" prior to retreating behind the curtains for Q&A inquiries with those Bankers, especially the new one from JPM who was his old college buddy. They were like two giddy boys playing in the dorm rooms together this morning! ;D Since a higher LVLT stock price is in my self-interest-why the hell else would somebody implement as much heart, soul, and mind without lots of "SKIN" in this game as I do. Message to BRONCO!-I was impressed, once again, with Mr. Ryan's tenacity and ability to articulate what is at stake here, while adhering to earlier advice I put out on this board. That being, DISCLOSING the "dirty little secrets" embedded in other "interconnection agreements," primarily and especially, ones which will relate to Akamai and their sharing of advertising revenues while these MONOPOLISTS let that whore sleep freely or near free in their homes! Kudos to Mr. Ryan and his team while referencing this scathing piece to the FCC Commissioners who I hope and expect fully comprehend this "content discrimination" that is taking place, prior to (3) taking this matter to the FTC where Jim Crowe said it belongs! I would also love to see Akamai find themselves as the object of a mass "consumer lawsuit" since they love suing so much, one which opens up their black boxes which invades the PRIVACY of individuals without their permission or buy ins at the same time they have entered into revenue sharing arrangements with the cables and telecoms inside the "last mile." <Comcast seems to imply that it would not charge for exactly the same content if presented by some other ''transit'' provider. If this is the case, full disclosure or the conditions offered to other interconnected networks for settlement-free exchange of this traffic would greatly assist in the resolution of this dispute. If, on the other hand, Comcast expects to charge for such content, then Level 3 would pay twice and Comcast's proposed third-party "transit solution" is no solution at all.> http://fjallfoss.fcc.gov/ecfs/document/view?id=7021030795 Even while Mr. Market is catching on to the Akamai free rides which are becoming more at RISK during this legal skirmish and exchange all as their stock keeps getting pummeled, these WEASELS in FOOL LAND are making "Trust the Management Team" squealing sounds wherever they can to salvage whatever they can before the speed boat crash that is in front of them! http://fjallfoss.fcc.gov/ecfs/document/view?id=7021030795 Then there's Rob Powell, a really bright, gifted, logical engineer type, but one who waffles and waivers but won't take a STAND with some damn conviction! I guess that's what "BLOGGERS" have do best in order to create magnets, I mean EYEBALLS, to their sites! http://www.telecomramblings.com/2011/02/level3comcast-ask-not-where-the-bell-tolls/#comments If I could single handedly take these SCOUNDRELS down, I would! >:( Oh yes, one other thing, I bought more shares in an important account today! Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted March 1, 2011 Share Posted March 1, 2011 txlaw, I need an education. Can the 2014 Senior Secured Term Loan tranche($1.680B)referenced earlier be re-negotiated ahead of time? Sunit is wanting to extend the run way on a portion ($300MM of $1.25B) of the 2014 Senior Notes with the men behind yesterday's curtains. <7:44AM Level 3 plans to offer $300 million aggregate principal amount of senior notes that will mature in 2019 (LVLT) 1.40 : Co announces that its subsidiary, Level 3 Financing, plans to offer $300 million aggregate principal amount of senior notes that will mature in 2019 and will bear interest at a fixed rate in a proposed private offering to qualified institutional buyers. The net proceeds from the offering of the notes, together with cash on hand, will be used to redeem a portion of Level 3 Financing, Inc.'s outstanding 9.25% Senior Notes due 2014.> Wins in both Europe and the US today. http://www.level3.com/index.cfm?pageID=491&PR=996 http://www.level3.com/index.cfm?pageID=491&PR=995 Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted March 1, 2011 Share Posted March 1, 2011 OMG!!!!!!!!!!!!! The ATOM BOMB to DESTROY GOLDMAN SACHS has finally been RELEASED!!!!!!!!!!!!!!!!!!!!! ;D Go get em Kevin! God help Oregon, too. Did I tell you we couldn't write fiction to compare with these real (3) stories, Brker_guy? imo Slater, 53, will now be Integra's vice chairman. Tom Casey, who has run similar companies and had been Integra's chairman since 2009, takes over as CEO. He will surrender the chairman's post to board colleague Kevin O'Hara, former president of Level 3 Communications. The ensuing recapitalization brought on three new investors: Goldman, Sachs & Co., Tennenbaum Capital Partners, and Farallon Capital Management. New York investment firm Warburg Pincus invested $245 million in Integra in 2007 and still holds a stake. http://www.oregonlive.com/business/index.ssf/2011/02/integra_telecom_replaces_its_l.html Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted March 1, 2011 Share Posted March 1, 2011 With the Bank of America LOGO on (3)'s PRESENTATION yesterday, it appears the SWITCH is finally being TURNED ON correctly! I expect this to be a comprehensive CDN win, and I feel Akamai's pain today, NOT! imo http://www.wbtv.com/Global/story.asp?S=14162614 CHARLOTTE, NC (WBTV) - The Bank of America website was down for nearly an hour on Tuesday morning – and is still experiencing problems that first started happening on Monday, a bank spokesperson said. Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted March 2, 2011 Share Posted March 2, 2011 There's no financier like those financiers who manage the debt albatross at (3)! Txlaw, I keep wondering where the additional $47MM($490MM less $443MM) in net principal amount they are citing to be used to partially extend 2014 debt including "additional cash" to be added is missing from the $490MM in "discounted" face value bonds will be going to? Do you think it may be to finance a portion of those 500' extensions to some of those 100K enterprise buildings which Microsoft wants (3) to connect to in partnership? I think Billy Ballmer needs (3) as much if not more than Google. As a matter of fact, I have an offer price in the system for Ballmer to buy my shares, YESTERDAY, but it keeps CHANGING as the days pass by! ;D Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that its subsidiary, Level 3 Financing, Inc., has agreed to sell $500 million aggregate principal amount of its 9.375% Senior Notes due 2019 in a private offering to “qualified institutional buyers,” as defined in Rule 144A under the Securities Act of 1933, as amended, and non-U.S. persons outside the United States under Regulation S under the Securities Act of 1933. The new 9.375% Senior Notes due 2019 were priced to investors at 98.001% of their principal amount and will mature on April 1, 2019. The net proceeds from the offering of the notes, together with cash on hand, will be used to redeem $443 million aggregate principal amount of Level 3 Financing, Inc.’s outstanding 9.25% Senior Notes due 2014.> http://www.level3.com/index.cfm?pageID=491&PR=998 Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that it has received Microsoft Lync 2010 qualification for its session initiated protocol (SIP) trunking voice solution for enterprise customers. A pioneer in SIP solutions for more than 12 years, Level 3 offers customers reliable service and industry leading nationwide coverage. The new qualification provides Level 3 enterprise customers with the assurance that the company’s high-quality SIP trunking service is compatible with Microsoft Lync. “With its flexibility and efficient technology management, SIP trunking enhances the benefits of Lync for cost savings and increased productivity. We see enterprises increasingly adopting Lync with SIP trunking,” said Kirk Gregersen, senior director of Lync Product Management and Marketing at Microsoft Corp. “Level 3’s SIP trunking qualification for Lync will provide more choices for customers and help customers streamline implementing unified communications in their network environment.” http://www.level3.com/index.cfm?pageID=491&PR=999 Link to comment Share on other sites More sharing options...
txlaw Posted March 2, 2011 Share Posted March 2, 2011 txlaw, I need an education. Can the 2014 Senior Secured Term Loan tranche($1.680B)referenced earlier be re-negotiated ahead of time? Wouldn't be prudent for me to say anything resembling legal advice on the board. Check out the Credit Agreement. I'm sure you can figure this one out on your own. http://www.sec.gov/Archives/edgar/data/794323/000119312507056509/0001193125-07-056509-index.htm Link to comment Share on other sites More sharing options...
txlaw Posted March 2, 2011 Share Posted March 2, 2011 There's no financier like those financiers who manage the debt albatross at (3)! Txlaw, I keep wondering where the additional $47MM($490MM less $443MM) in net principal amount they are citing to be used to partially extend 2014 debt including "additional cash" to be added is missing from the $490MM in "discounted" face value bonds will be going to? Do you think it may be to finance a portion of those 500' extensions to some of those 100K enterprise buildings which Microsoft wants (3) to connect to in partnership? I think Billy Ballmer needs (3) as much if not more than Google. As a matter of fact, I have an offer price in the system for Ballmer to buy my shares, YESTERDAY, but it keeps CHANGING as the days pass by! ;D Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that its subsidiary, Level 3 Financing, Inc., has agreed to sell $500 million aggregate principal amount of its 9.375% Senior Notes due 2019 in a private offering to “qualified institutional buyers,” as defined in Rule 144A under the Securities Act of 1933, as amended, and non-U.S. persons outside the United States under Regulation S under the Securities Act of 1933. The new 9.375% Senior Notes due 2019 were priced to investors at 98.001% of their principal amount and will mature on April 1, 2019. The net proceeds from the offering of the notes, together with cash on hand, will be used to redeem $443 million aggregate principal amount of Level 3 Financing, Inc.’s outstanding 9.25% Senior Notes due 2014.> http://www.level3.com/index.cfm?pageID=491&PR=998 Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that it has received Microsoft Lync 2010 qualification for its session initiated protocol (SIP) trunking voice solution for enterprise customers. A pioneer in SIP solutions for more than 12 years, Level 3 offers customers reliable service and industry leading nationwide coverage. The new qualification provides Level 3 enterprise customers with the assurance that the company’s high-quality SIP trunking service is compatible with Microsoft Lync. “With its flexibility and efficient technology management, SIP trunking enhances the benefits of Lync for cost savings and increased productivity. We see enterprises increasingly adopting Lync with SIP trunking,” said Kirk Gregersen, senior director of Lync Product Management and Marketing at Microsoft Corp. “Level 3’s SIP trunking qualification for Lync will provide more choices for customers and help customers streamline implementing unified communications in their network environment.” http://www.level3.com/index.cfm?pageID=491&PR=999 Very interesting catch. I'm also wondering what that $47 MM is being used for. Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted March 2, 2011 Share Posted March 2, 2011 Thx, txlaw. Yes, with the interest savings from the partial extension of the existing bonds-early payment-tied to the deferral of interest on the replacement bonds till October, 2011, Sunit was in a rush to implement some serious COIN for SUCCESS BASED CAPEX! ;D I guess if one is to utilize the DEDUCTION thought processes from the fine link you provided, then one can imagine the current TERM LOAN TRANCHE can be revisited EARLY as well. Since I am not a lawyer, just a speculator, I am not offering any advice only opinions while attempting to teach and learn to any one interested along the way. Since more than likely, (3) is going to make the financial history books at Colombia University one day, this can't be a bad thing! ;D I still expect this 1.68B 2014 TERM LOAN to be "extended" sooner rather than later as well. For you see, to WIN the RACE, you must first FINISH the RACE. imo Item 1.02. Termination of a Material Definitive Agreement. On March 13, 2007, in connection with the execution and delivery of the New Credit Agreement, Level 3 Financing repaid its obligations under, and thereby terminated, the Old Credit Agreement (the “Credit Agreement Termination”). Under the Old Credit Agreement, Level 3 Financing had been extended a $730 million senior secured term loan that would have matured in 2011. Link to comment Share on other sites More sharing options...
brker_guy Posted March 2, 2011 Share Posted March 2, 2011 Carl, I now know why LVLT put out that PR on the MSFT SIP Trunking. Look who just got a deal with Mr. Softee: http://www.telecomramblings.com/newswire/2011/03/global-crossing%E2%80%99s-sip-trunking-solutions-selected-to-support-unified-communications-at-microsoft-technology-centers/ I don't know, my LVLT friend, but Global Corruption (aka GLBC) is slowly and surely duplicating the LVLT's business model and is trying to take it to another level. They are copying LVLT's business model from what I can see. Note their recent acquisition of Genesis, the video encoding business that will compete with Vyvyx. We need to be on top of these Global Corruption guys... BTW: That's a good find on the Mr. Skibare's blog. I notice that the lying trolls just got back on the Yahoo Board again yesterday. They are portraying themselves as angry shareholders? Yeah, right... It's nice of you to call him out on the APWR investment. Next thing we know, he would be referencing Charlie and Warren's words on how much "wind" APWR generates instead of MidAmerican. Yikes!!!! ;D I am still reading the back-and-forth filings from T-LVLT-Comcast-LVLT-Comcast-LVLT. What a headache! I am not even a lawyer. TxLaw, do you like to add your take on those FCC filings? Would appreciate to hear it from a lawyer's POV. Link to comment Share on other sites More sharing options...
Guest ValueCarl Posted March 2, 2011 Share Posted March 2, 2011 Ten years after Suria Ghoul predictions, and we're still having to mess with these REVIVED ZOMBIES, Brker_guy! I have noticed your observation for a long time now, and every time I would hear their snake oil salesman, Legere, on Global Corruption's call, it was like hearing Jim Crowe all over again! Copy cats for sure, but getting capitalized to keep playing the game with their M&M's supporting the stock when necessary, it seems. Besides Singapore Technologies capitalizing this business, didn't Mr. Buffett's Forbes List competitor, Mr. Carlos Slim Helu, reduce his stake in that name considerably towards the tail of last year? Regarding Skibare, it was sad when he went dark on (3), but I had much experience in seeing his pumping operation FIZZLE on another telecom company, with no promise compared to (3), long before that. So now he's pumping WIND which may turn out to be HOT AIR, or even worse, what he claimed Mr. Munger was passing in the back seat of his Boulder Cab! :-) To his favor in the midst of everything, when he attempted to persuade me to jump ship by scaring me with TREX ruling the world forever; a long time period of opportunity cost has since lapsed. On the other hand, he has paid a severe price from which the abuse he receives from both sides, long and short, from time to time, requires thick skin to absorb. At a minimum, he's one funny SOB, and probably a great guy to drink some of Stortz' beers with! ;D We should have been up today!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
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