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Alcatel-Lucent USA Amends Senior Secured Credit Facilities

August 19, 2013, 07:52 AM
Filed Under: Communications

Alcatel-Lucent announced that its wholly-owned subsidiary, Alcatel-Lucent USA Inc., has entered into amendments to its senior secured credit facilities announced on January 30, 2013. The amendments have the effect of changing certain covenants governing the facilities, lowering the interest rate on the US$1.75 million 7.25% Senior Secured Term Loan Facility due 2019 to 5.75% and lowering the interest rate on the EUR 300 million 7.50% Senior Secured Term Loan Facility due 2019 (the "Euro tranche") to 6.25%. As of August 16, 2013 the principal amount outstanding on the Dollar tranche is US$1.74 million and the principal amount outstanding on the Euro tranche is EUR 298 million.

Morgan Stanley, Credit Suisse Group AG, Deutsche Bank AG and Citigroup Inc. arranged the amendment to the facility. These amendments are part of the Shift Plan announced by the company in June 2013.

Alcatel-Lucent is at the forefront of global communications, providing products and innovations in IP and cloud networking, as well as ultra-broadband fixed and wireless access to service providers and their customers, enterprises and institutions throughout the world.







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