Level 3 Enters Debt Exchange Agreement

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Level 3 Communications Inc. (Nasdaq: LVLT) signed an agreement to exchange cash and a new issue of senior convertible notes for part of an existing convertible subordinated notes and convertible senior notes held by institutional investors. The stock price climbed 20 cents to $1.40.

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This page contains a single entry by published on June 22, 2009 10:53 AM.

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