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Subsequent Events
12 Months Ended
Dec. 31, 2014
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
Subsequent Events

On January 29, 2015, Level 3 Financing issued $500 million aggregate principal amount of its 5.625% Senior Notes due 2023. The 5.625% Senior Notes were priced at par and mature February 1, 2023. The 5.625% Senior Notes will pay interest on June 15 and December 15 of each year beginning on June 15, 2015.

The net proceeds from the offering of the 5.625% Senior Notes due 2023 together with cash on hand, will be used to redeem all $500 million aggregate principal amount of Level 3 Financing, Inc.’s 9.375% Senior Notes due 2019. In the second quarter 2015, the Company expects to recognize a loss of approximately $40 million on the extinguishment of debt associated with this transaction that will be recognized in Other Expense.