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

To: zj who wrote (876)	4/22/1998 3:13:00 PM
From: Don S.Boller	Read Replies (2) \| Respond to of 3873

zj: " ISN'T MANAGEMENT PROTECTINGSHAREHOLDERS BY THIS ISSUANCE (senior notes)? ................................................ I guess the answer is yes - if you mean that it's non-dilutive. No equity dilution as would be the case if converts or new stock were being sold. Haven't seen figs on final deal...but, Invesco is one of the biggest buyers (for their "junk bond" funds). Think interest rate supposed to be about 9%....so, our trusty lads need to get crackin'....does give a nice cash pile to make deals. (Would expect more pr announcements before too long). Best, Don