Getting your player ready...
Level 3 Communications, the Broomfield-based broadband-service provider purchasing Global Crossing, cut borrowing costs in a $600 million bond sale as relative yields on its securities plunge.
Level 3 sold 8.125 percent eight-year notes to yield 512 basis points above similar-maturity Treasurys, after selling $500 million of 9.375 percent, eight-year notes March 1.
