Level 3 Communications, Inc. (Nasdaq: LVLT) has announced that its wholly owned subsidiary, Level 3 Financing, Inc., has received commitments from lenders to increase the borrowings under its existing $1.4 billion senior secured credit facility through the creation of a $220 million Tranche B Term Loan.
Stonemont Financial Group, a real estate practice formed in 2008 has developed a fund under management of USD 1 billion to invest in data centres which will be built by construction giant Skanska. Companies who wish to construct a data centre can access the funds to build energy efficient facilities and repay the capital at a fixed rate over lifetime of the facility under an operating lease structure.
Level 3 Communications, Inc. (Nasdaq: LVLT) will hold its Annual Meeting of Stockholders on Tues., May 19 at its corporate headquarters in Broomfield, Colo., at 8 a.m. MDT.
Cogent Communications Group, Inc. (NASDAQ: CCOI) will host a conference call with financial analysts at 8:30 a.m. (ET) on May 8, 2009 to discuss Cogent's operating results for the first quarter of 2009. Cogent will issue a press release announcing the operating results at 7 a.m. (ET) on May 8, 2009.
To participate, investors and other interested parties may access the earnings call as follows:
Dial-in Numbers: 1-877-857-6177 for U.S. callers or 1-719-325-4842 for international callers
Level 3 Communications, Inc. (Nasdaq: LVLT) reported consolidated revenue of $980 million for the first quarter 2009, compared to consolidated revenue of $1.09 billion for the first quarter 2008.
The net loss for the first quarter 2009 was $132 million, or ($0.08) per share, which compared to a net loss of $190 million, or ($0.12) per share for the first quarter 2008. Net income for the fourth quarter 2008 was $43 million, or $0.03 per basic share and ($0.03) per diluted share.
Chloride, one of Europe's leading suppliers of Uninterruptible Power Supply (UPS) systems and services, has announced that it has completed the acquisition of Malcolm Power Systems, which further strengthens Chloride's presence in Scotland. Malcolm Power Systems has 20 years experience in supplying and maintaining UPS solutions across a variety of industries.
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