Alcatel-Lucent announces amendments to Alcatel-Lucent USA Inc.'s Senior Secured Credit Facilities
Aug 16, 2013 (M2 PRESSWIRE via COMTEX) --
Alcatel-Lucent (Euronext and NYSE:ALU) announces today that its wholly-owned subsidiary, Alcatel-Lucent USA Inc.,has entered into amendments to its Senior Secured Credit Facilities (the"Facilities") announced on January 30, 2013. The amendments have the effect ofchanging certain covenants governing theFacilities, lowering the interest rate on the US$1,750 million 7.25% SeniorSecured Term Loan Facility due 2019 (the "Dollar tranche") to 5.75% andlowering the interest rate on the EUR300 million 7.50% Senior Secured Term LoanFacility due 2019 (the "Euro tranche") to 6.25%. As of August 16, 2013 theprincipal amount outstanding on the Dollar tranche is US$1,741 million and theprincipal amount outstanding on the Euro tranche is EUR298 million.
These amendments are part of the Shift Plan announced by the company in June2013.
ABOUT ALCATEL-LUCENT (EURONEXT PARIS AND NYSE: ALU)
Alcatel-Lucent is at the forefront of global communications, providingproducts and innovations in IP and cloud networking, as well as ultra-broadbandfixed and wireless access to service providers and their customers, enterprisesand institutions throughout the world.
Underpinning Alcatel-Lucent in driving the industrial transformation fromvoice telephony to high-speed digital delivery of data, video and informationis Bell Labs, an integral part of Alcatel-Lucent and one of the world'sforemost technology research institutes, responsible for countlessbreakthroughs that have shaped the networking and communications industry.Alcatel-Lucent innovations have resulted in the company being recognized byThomson Reuters as a Top 100 Global Innovator, as well as being named by MITTechnology Review as amongst 2012's Top 50 "World's Most Innovative Companies".Alcatel-Lucent has also been recognized for innovation in sustainability, beingranked Technology Supersector Leader by the Dow Jones Sustainability Index in2012 for making global communications more sustainable, affordable andaccessible, all in pursuit of the company's mission to realize the potential ofa connected world.
With revenues of Euro 14.4 billion in 2012, Alcatel-Lucent is listed on theParis and New York stock exchanges (Euronext and NYSE: ALU). The company isincorporated in France and headquartered in Paris.
For more information, visit Alcatel-Lucent on: http://www.alcatel-lucent.com , read the latest posts on theAlcatel-Lucent blog http://www.alcatel-lucent.com/blog and follow the Companyon Twitter: http://twitter.com/Alcatel_Lucent .
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