Alcatel-Lucent to raise EUR 1 bln in convertible bonds issue

Monday 2 June 2014 | 09:06 CET | News
Alcatel-Lucent announced an offering of EUR 1 billion in convertible bonds. Part of its ongoing restructuring efforts known as the Shift Plan, the offering includes EUR 600 million of bonds due 30 January 2019 and EUR 400 million maturing on 30 January 2020. The bookrunners have an option to increase the issues by up to 10 percent. The proceeds will be used to pay off USD 1.75 billion on the company's senior secured credit facility in the US, which should extend the group's debt profile and reduce the amount of interest due. The bonds will be issued at a premium to Alcatel's share price, at

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Alcatel-Lucent USA/FR
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Nokia agrees EUR 15.6 bln bid for Alcatel-Lucent

Published 15 Apr 2015 08:23 CET | World
Nokia and Alcatel-Lucent reached an agreement on the terms of their proposed merger. Nokia will offer 0.55 of its shares for each ...

Alcatel-Lucent plans IPO for submarine cable business

Published 31 Jul 2014 09:28 CET | World
Alcatel-Lucent announced plans to pursue an initial public offering of shares in it submarine cable business, as the company ...

Alcatel-Lucent wil 1 miljard ophalen met obligatie-aanbod

Published 02 Jun 2014 09:33 CET | World
Alcatel-Lucent kondigt de uitgifte van converteerbare obligaties aan ter waarde van 1 miljard euro. Het aanbod bestaat uit ...

Alcatel-Lucent narrows losses, revenues stable in Q1

Published 09 May 2014 08:54 CET | World
Alcatel-Lucent returned to an adjusted operating profit of EUR 33 million in the first quarter, compared to a loss of EUR 179 ...

Alcatel-Lucent improves margins, agrees Enterprise sale

Published 06 Feb 2014 09:19 CET | World
Alcatel-Lucent reported stable revenues and improved operating profit in the fourth quarter, while also taking the next step in ...

Alcatel-Lucent USA obtains lower interest rate for loan

Published 23 Dec 2013 12:14 CET | United States
Alcatel-Lucent USA has agreed with lenders on an amendment to its USD 1.75 bln senior loan facility due 2019. The amendment will ...

Calendar   /   Industry Events

24 Nov Analog Devices fiscal Q4
24 Nov VMware fiscal Q3
24 Nov Dell Technologies fiscal Q3
24 Nov Xiaomi Q3 2020
24 Nov KPN Strategy Update 2020
24 Nov SD-WAN & SASE Summit
25 Nov Partner Communications Q3 2020
26 Nov Telekom Malaysia Q3 2020
26 Nov Axiata Q3 2020
26 Nov Megafon Q3 2020
30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec NGON & DCI World
::: More Calendar Items