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TEXT-S&P rates Level 3 loan facilities 'B+'
July 30 - Standard & Poor's Ratings Services said today that it assigned its 'B+' issue-level rating and '1' recovery rating to Broomfield, Colo.-based Level 3 Communications Inc. subsidiary Level 3 Financing Inc.'s proposed $1.415 billion secured term loan facilities. The proposed financing consists of two term loan B tranches, including a seven-year tranche of up to $1.115 billion and a 3.5-year tranche of at least $300 million. The '1' recovery rating reflects our expectation of very high (90 ...
Published By: Reuters (Company news) - Monday, 30 July, 2012
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