XO Communications LLC -- Moody's assigns B2 corporate family rating to XO Communications

New York, March 13, 2014 -- Moody's Investors Service has assigned a B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR) to XO Communications, LLC ("XO" or "the company"). Moody's has also assigned a B2 (LGD3, 46%) rating to the company's proposed $500 million senior secured 1st lien term loan due 2021. The proceeds from the new term loan will be used primarily to fund network investments. The ratings are contingent upon Moody's review of final documentation and no material change in the terms and conditions of the debt as advised to Moody's. The outlook is stable.

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