Alcatel-Lucent announces upsizing of credit facilities

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.

The syndication process was managed by Credit Suisse AG and Goldman Sachs Bank USA, following a very strong demand from investors.

In accordance with its announcement made on the 14th of December 2012, Alcatel-Lucent announces the closing of the financing transaction.

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