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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (2310)	2/2/2000 9:58:00 AM
From: SecularBull	Respond to of 3873

LVLT is most certainly on the short list for the S&P 500. LoF

To: TigerPaw who wrote (2310)	2/2/2000 10:47:00 PM
From: Harmony	Read Replies (2) \| Respond to of 3873

The day before earnings they have offering-at least indicates that the earnings should be up but seems like a split would be out of the question. Any thoughts? Level 3 Communications Announces Securities Offerings Securities Offered Include15 Million Shares of Common Stock, $500 Million Of Convertible SubordinatedNotes, an Aggregate of $1.0 Billion of Senior Notes And Senior Discounts Notesand 400 Million Euros of Senior Notes Wed Feb 02 19:10:00 EST 2000 BROOMFIELD, Colo., Feb 2, 2000 /PRNewswire via COMTEX/ -- Level 3 Communications, Inc. (Nasdaq: LVLT) today announced a series of separate securities offerings. Salomon Smith Barney Inc. is acting as global coordinator for the offerings. Each of the offerings described above are separate offerings pursuant to separate offering materials. No offering is conditioned on the closing of any other. Common Stock Offering Level 3 is offering an aggregate 15 million shares of its common stock, par value $.01 per share, in an underwritten offering in the United States and outside the United States. The company has agreed to grant the underwriters an option to purchase an additional 2.25 million shares of common stock solely to cover over-allotments. The offering in the United States will be made by a group of underwriters being led by Salomon Smith Barney Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated, Chase H & Q, Credit Suisse First Boston Corporation, and Merrill Lynch, Pierce, Fenner & Smith Incorporated. The offering outside of the United States is being made by a group of underwriters being led by Salomon Brothers International Limited, Goldman Sachs International, J.P. Morgan Securities Ltd., Morgan Stanley & Co. International Limited, Credit Suisse First Boston (Europe) Limited, Merrill Lynch International, Chase H & Q, Credit Lyonnais Securities, Kleinwort Benson Limited and Societe Generale. Salomon Smith Barney Inc. is acting as sole book running manager. The company currently expects that the offering will be completed in February 2000. Convertible Subordinated Note Offering The company also announced today that it intends to offer $500 million aggregate principal amount of Convertible Subordinated Notes due 2010 in an underwritten offering. The company has also granted the underwriters an option to purchase an additional $75 million aggregate principal amount of Convertible Subordinated Notes due 2010 to cover over-allotments. The offering will be made by a group of underwriters being led by Goldman, Sachs & Co., Salomon Smith Barney Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated, Credit Suisse First Boston Corporation. Goldman, Sachs & Co. and Salomon Smith Barney Inc. are acting as joint book running managers. The company currently expects that the offering will be completed in February 2000. A registration statement relating to the Common Stock and the Convertible Subordinated Notes has been declared effective by the Securities and Exchange Commission. Offers and sales of the Common Stock and the Convertible Subordinated Notes may be made only by the related prospectus and prospectus supplement, which may be obtained from any of the underwriters referred to above. Dollar Denominated Debt Offering The company also announced today that it plans to raise approximately $1.0 billion in a proposed private offering of senior notes due 2008, senior notes due 2010 and senior discount notes due 2010 to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933. The senior notes due 2008, senior notes due 2010 and senior discount notes due 2010 proposed to be offered by Level 3 will not be registered under the Securities Act of 1933 or any state securities laws and, unless so registered may not be offered or sold except pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws. Euro Denominated Debt Offering The company also announced today that it plans to raise approximately 400 million euros in a proposed private offering of senior notes due 2008 and senior notes due 2010 to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933 and outside the United States under Regulation S under the Securities Act of 1933. The senior notes due 2008 and senior notes due 2010 proposed to be offered by Level 3 will not be registered under the Securities Act of 1933 or any state securities laws and, unless so registered may not be offered or sold except pursuant to an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state securities laws. Use of Proceeds Level 3 currently intends to use the net proceeds of all of the offerings for working capital, capital expenditures, acquisitions and other general corporate purposes in connection with the implementation of its business plan. Although the company evaluates potential acquisitions from time to time, the company has no agreement or understanding with any person to effect any material acquisition. SOURCE Level 3 Communications, Inc. (C) 2000 PR Newswire. All rights reserved. Questions or comments should be directed to webmaster@ragingbull.com Comtex End-User Agreement ¸ 1997-2000 Raging Bull, Inc.