Cogent Communications and Level 3 Communications Revealed Private Note Offerings

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Cogent Communications and Level 3 Communications Revealed Private Note Offerings Cogent Communications and Level 3 Communications Revealed Private Note OfferingsCogent Communications and Level 3 Communications Revealed Private Note Offerings

 

13 January 2011

Cogent Communications and Level 3 Communications have separately revealed offerings of private notes.
Cogent Communications, a low-cost Ethernet provider, has stated that the price for its private placement offering of $175 million in aggregate amount of 8.375%t Senior Notes that are due in 2018.
Cogent’s offering is a $25 million up over the $150 million offering that has been revealed on January, 10.
Level 3 Communications has also stated that the company intends to offer $300 million aggregate principal amount of senior notes. Set notes that are due in 2019, Level 3 announced that notes will have interest at a fixed rate offered to "qualified institutional buyers."

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