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Article: Level 3 sells interest in California toll road for $46 million; "91 Express Lanes" purchased by Orange County Transportation Authority; Transaction reduces Level 3's long-term debt by $139 million.
- Article from:
- M2 Presswire
- Article date:
- January 6, 2003
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M2 PRESSWIRE-6 January 2003-Level 3 Communications: Level 3 sells interest in California toll road for $46 million; "91 Express Lanes" purchased by Orange County Transportation Authority; Transaction reduces Level 3's long-term debt by $139 million(C)1994-2003 M2 COMMUNICATIONS LTD
RDATE:01032003
Broomfield, Colo -- Level 3 Communications, Inc. (Nasdaq:LVLT) announced that it has received approximately $46 million in cash from the sale of the "91 Express Lanes" toll road in Orange County, Calif. In addition, the company's long-term debt will be reduced by approximately $139 million.
On Friday, the Orange County Transportation Authority ...