CenturyLink has been investing in its CDN reach lately. Yesterday the global network operator expanded its content delivery capabilities across EMEA in order to meet the demands of OTT content. And on another channel, they did some refinancing work on debt coming due in a couple years.
The expansion includes not just extra capacity at existing core sites, but new capabilities across eastern Europe. They now have a new PoP in Zagreb, Croatia and significant new capacity in Bulgaria, Czech Republic, Hungary, Poland, and Romania. CenturyLink's CDN now has a peak capacity over 120Tbps across its 120 PoPs worldwide. And while we don't hear about it as often as we once did, CenturyLink's CDN of course derives from Level 3. Just the other day CenturyLink also boosted its CDN capabilities with the purchase of Paris-based Steamroot.
Meanwhile, CenturyLink is doing some refinancing work on some of the debt that came from its Level 3 Communications heritage. Yesterday announced plans to offer $500M of senior notes due 2027, and then quickly raised that to $1B and priced it at 4.625%. They will be refinancing Level 3 Financing's 6.125% senior notes due 2021, some 5.75% senior notes due 2022 from Level 3 Parent LLC, as well as some other debt from Level 3.
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