There can be no assurance that the proposed acquisition or any other transaction described above will in fact be consummated in the manner described or at all. A joint presentation will be available at BofA Merrill Lynch and Morgan Stanley & Co. LLC acted as CenturyLink's financial advisors, and Evercore provided a fairness opinion. You can sign up for additional alert options at any time.At CenturyLink, Inc., we promise to treat your data with respect and will not share your information with any third party. For employees, this combination will bring together two highly customer-focused organizations and provide employees growth and advancement opportunities the companies could not offer separately." The …


The company is a member of the S&P 500 index and the Fortune 500.
CenturyLink (NYSE: CTL) and Level 3 Communications, Inc. (NYSE: LVLT) today announced that their Boards of Directors have unanimously approved a definitive merger agreement under which CenturyLink will acquire Level 3 in a cash and stock transaction valued at approximately $34 billion, including the assumption of debt. "CenturyLink is focused on providing a differentiated experience for our customers, while driving profitable growth and increasing free cash flow per share. For customers who have contacted Customer Service and require additional support All existing indebtedness of Level 3 is expected to remain in place at Level 3 and Level 3 will not incur any incremental indebtedness or guarantee any indebtedness of CenturyLink to finance the transaction. In connection therewith, CenturyLink has received financing commitments from BofA Merrill Lynch and Morgan Stanley & Co. LLC totaling approximately $10.2 billion for new secured debt facilities, comprised of a new $2 billion secured revolving credit facility and approximately $8.2 billion of other secured debt facilities, including the refinancing of indebtedness expected to mature prior to closing of the transaction. CenturyLink, Inc. is an American multinational telecommunication company headquartered in Monroe, Louisiana, that offers communications, network services, security, cloud solutions, voice, and managed services. [6] Its communications services include local and … All Rights Reserved. ""Our goal is to be the world's best networking provider and we have the ability to achieve this as one company," said Jeff Storey, CenturyLink's president and chief operating officer. For more information, please visit © Level 3 Communications, LLC. Unless legally required, CenturyLink and Level 3 undertake no obligation and each expressly disclaim any such obligation, to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.CenturyLink and Level 3 plan to file a joint proxy statement/prospectus with the SEC. Wachtell, Lipton, Rosen & Katz and Jones Walker are acting as CenturyLink's legal advisors. CenturyLink, according to the DOJ, had promised not to solicit customers who chose a divestiture buyer that picked up Level 3 assets sold off to alleviate antitrust concerns. Any other service names, product names, company names or logos included herein are the trademarks or service marks of their respective owners. For individual shareholders of record with questions related to dividends, Form 1099s or general ownership concernsComputershare Investor Services, LLC CenturyLink and Level 3 will host a conference call today at 8:00 A.M. "Our customers, from individual consumers to global enterprises, will benefit from our expanded, innovative network solutions, our complementary managed services and our highly talented workforce. Level 3's comprehensive portfolio of secure, managed solutions includes fiber and infrastructure solutions; IP-based voice and data communications; wide-area Ethernet services; video and content distribution; data center and cloud-based solutions.

You should be aware that new factors may emerge from time to time and it is not possible for us to identify all such factors nor can we predict the impact of each such factor on the proposed transaction or the combined company. Information regarding CenturyLink's directors and executive officers is available in its proxy statement filed with the SEC by CenturyLink on April 5, 2016, and information regarding Level 3's directors and executive officers is available in its proxy statement filed with the SEC by Level 3 on April 7, 2016. By using this Looking Glass tool, you agree to abide by the Acceptable Use Policy. The Chairman of CenturyLink's Board at the time of the closing of the transaction will continue to serve as Chairman of the combined company. These documents can be obtained free of charge from the sources indicated above. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.To view the original version on PR Newswire, visit:To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. CenturyLink shareholders will benefit from the significant synergies and financial flexibility provided by the combined company's revenue growth and strong cash flow. Citigroup acted as financial advisor to Level 3, and Lazard provided a fairness opinion. Willkie Farr & Gallagher LLP acted as legal advisor to Level 3. Under terms of the agreement, Level 3 shareholders will receive $26.50 per share in cash and a fixed exchange ratio of 1.4286 shares of CenturyLink stock for each Level 3 share they own, which implies a purchase price of $66.50 per Level 3 share (based on a CenturyLink $28.00 per share reference price) and a premium of approximately 42 percent based on Level 3's unaffected closing share price of $46.92 on October 26, 2016, the last trading day prior to market speculation about a potential transaction. "To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The conference call can be accessed by dialing (866) 610-1072 within the U.S. and (973) 935-2840 for all other locations. The replay confirmation code is 10841687. As expected, CenturyLink announced Wednesday that it wrapped up its year-long acquisition of one of Colorado’s largest companies, Level 3 Communications.


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