Level 3 financing refers to the highest level of financing available to a company, typically involving complex structured finance arrangements, often secured by a portfolio of assets or future cash flows, and usually employed for large-scale projects or acquisitions.
Level 3 Financing's US$300,000,000 0% bond (ISIN: US527298BA00, CUSIP: 527298BA0), issued in the United States, matured on January 15, 2018, with a minimum purchase amount of US$1,000, a coupon frequency of 2, and was redeemed at 100% of face value; it received BB- and B1 ratings from Standard & Poor's and Moody's, respectively.
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