Level 3 buying back $550 million in notes
Broomfield-based Level 3 Communications announced Tuesday that it would buy back $550 million in 12.25 percent notes due in 2013, a move one analyst says will allow the company to pursue acquisitions.
Hospital and rehabilitation center operator HealthSouth Corp. said Tuesday it is offering $290 million in senior notes and will use the proceeds to buy back other senior notes.