Monday, November 4, 2013

Alcatel-Lucent Seeks to Raise $1.965 billion for Shift Plan

Alcatel-Lucent announced three financial transactions amounting to approximately US$1.965 billion to provide financial support for its "Shift" transformation plan.

These include a capital increase for an amount of €955 million, its intent to launch a high yield bonds offering in an aggregate principal amount of US$750 million and the execution of a commitment letter for the implementation of a new syndicated revolving credit facility of €500 million.

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