Level 3 Financing, Inc., a wholly owned subsidiary of Level 3 Communications, Inc., entered into an amendment to its existing credit agreement.

On May 8, Willkie client Level 3 Financing, Inc., a wholly owned subsidiary of Level 3 Communications, Inc., entered into an amendment to its existing credit agreement to incur $2 billion of additional term loans to refinance an existing tranche of term loans under its credit agreement. Based in Bloomfield, Colorado, Level 3 is a Fortune 500 company that provides local, national and global communications services to enterprise, government and carrier customers.

Last month, Willkie advised Level 3 in its $1.5 billion Rule 144A bond offering and in 2014 represented the company in its $7.3 billion acquisition of tw telecom.

The current deal was handled by partners William Hiller and Jeffrey Goldfarb, special counsel Cindy Chernuchin and associates Christopher Giorgione and Erin Kinney.