Alcatel-Lucent announces the closing of its Senior Secured Credit Facilities transaction
Paris, January 30, 2013 – In accordance with its announcement made on the 14th of December 2012, Alcatel-Lucent (Euronext Paris and NYSE: ALU) announces the closing of the financing transaction. Following a very strong demand from investors during the syndication process managed by Credit Suisse AG and Goldman Sachs Bank USA, Alcatel-Lucent upsized the credit facilities to around Euro 2 billion from Euro 1.6 billion with an average decrease in pricing of approximately 90 basis points and a decrease in original issue discount of 150 basis points across the facilities.
In addition, the financial covenant has been removed, and call protection on the term loan tranches has been reduced.
Alcatel-Lucent confirms that the proceeds will be used for the refinancing of certain existing indebtedness and for working capital and general corporate purposes.
About Alcatel-Lucent (Euronext Paris and NYSE: ALU)
The long-trusted partner of service providers, enterprises and governments around the world, Alcatel-Lucent is a leading innovator in the field of networking and communications technology, products and services. The company is home to Bell Labs, one of the world’s foremost research centers, responsible for breakthroughs that have shaped the networking and communications industry.
Alcatel-Lucent innovations are regularly recognized by international institutions for their positive impact on society. In 2012 and for the second year running, Alcatel-Lucent was named one of the Thomson Reuters Top 100 Global Innovators, recognition for the company’s continued addition to its world-class patent portfolio, one of the largest in the telecom industry. Alcatel-Lucent has also been recognized for its sustainability performance. In 2012 the company was ranked Technology Supersector Leader by the Dow Jones Sustainability Index. Through its innovations, Alcatel-Lucent is making communications more sustainable, more affordable and more accessible as we pursue our mission of Realizing the Potential of a Connected World.
With operations throughout the world, Alcatel-Lucent is a local partner with global reach. The Company achieved revenues of Euro 14.4 billion in 2012 and is incorporated in France and headquartered in Paris.
