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Level 3 Announces Extension of Exchange OfferBROOMFIELD, Colo., Sept. 8 /PRNewswire-FirstCall/ -- Level 3 Communications, Inc. today announced that it has extended to September 12, 2006 at 5:00 p.m. EDT, its offer to exchange up to $691,717,000 in aggregate principal amount of its currently outstanding 11.50% Senior Notes due 2010 that were issued and sold in transactions exempt from registration under the Securities Act of 1933, as amended (the "Original Notes") for up to $691,717,000 in aggregate principal amount of its new 11.50% Senior Notes due 2010 that have been registered with the Securities and Exchange Commission. The extension has been made to allow holders of outstanding Original Notes who have not yet tendered their Original Notes to do so. As of the close of business on September 7, 2006, approximately $637,487,000 million in aggregate principal amount of Senior Notes had been validly tendered for exchange (without guarantees) and not withdrawn. This announcement does not constitute an offer to sell or buy any security or a solicitation of any offer to buy securities. The exchange offer is being made by means of a prospectus dated August 8, 2006, filed with the Securities and Exchange Commission. About Level 3 Communications Level 3 , an international communications and information services company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. These services provide building blocks that enable Level 3's customers to meet their growing demands for advanced communications solutions. The company's Web address is http://www.level3.com/. The Level 3 logo is a registered service mark of Level 3 Communications, Inc. in the United States and/or other countries. Level 3 services are provided by a wholly owned subsidiary of Level 3 Communications, Inc. Forward-Looking Statement Some of the statements made by Level 3 in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Level 3 believes that its primary risk factors include, but are not limited to: increasing the volume of traffic on Level 3's network; developing new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technology and information systems to support new products and services, including voice transmission services; stabilizing or reducing the rate of price compression on certain of our communications services; integrating strategic acquisitions; attracting and retaining qualified management and other personnel; and ability to meet all of the terms and conditions of our debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of these important factors. Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19990721/LVLTLOGOPRN Photo Desk, [email protected] Level 3 Communications, Inc. CONTACT: Media, Josh Howell, +1-720-888-2517, or Chris Hardman,+1-720-888-2292, or Investors, Robin Grey, +1-720-888-2518, or ValerieFinberg, +1-720-888-2501, all of Level 3 Communications, Inc. Web site: http://www.level3.com/ |