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General

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

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