Alcatel-Lucent :ALCATEL-LUCENT ANNOUNCES THE RESULTS OF ITS TENDER OFFER PROCESS

Thu May 16, 2013 7:03am EDT

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Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum dated 30 April 2013 (the Tender Offer Memorandum).

As at the Expiration Deadline of 5pm CET on 15 May 2013, an aggregate nominal amount of EUR726,270,605.49 of Notes had been validly tendered in the Offers.

The Company has decided to accept for purchase an aggregate nominal amount of EUR440,726,304.05 of Notes as set out below. In respect of the 2015 Notes and 2016 Notes, all Notes validly tendered at or below the applicable Purchase Price have been accepted in full.

Notes ISIN Series Acceptance Amount Purchase Price Accrued Interest
2014 Notes FR0010070805 €172,033,000.00 104.50 per cent. 0.768 per cent. of the nominal amount of the relevant 2014 Notes
2015 Notes FR0010798371 €193,450,304.05 €3.33 per Note of par value €3.23 €0.062 per Note of par value €3.23 as included in the 2015 Purchase Price
2016 Notes XS0564563921 €75,243,000.00 106.50 per cent. 2.975 per cent. of the nominal amount of the relevant 2016 Notes

The expected Settlement Date for the Offers is 21 May 2013. Notes repurchased by the Company pursuant to the Offers will be cancelled.

As the 2015 Notes repurchased represent less than 20 per cent. of the number of 2015 Notes initially issued, the Company will not undertake a standing repurchase order for holders of the outstanding 2015 Notes.

However, the Company reserves the right to continue to repurchase 2015 Notes, as well as 2014 Notes and 2016 Notes, off-market or in the market.

If (i) the Company were to subsequently repurchase 2015 Notes resulting in the Company having repurchased a total of at least 30 per cent. of the initial aggregate nominal amount of the 2015 Notes, or (ii) the Company were to subsequently repurchase 2015 Notes resulting in between 20 per cent. and 30 per cent. of the initial aggregate nominal amount of the 2015 Notes, and during any subsequent 12 month rolling period, the Company repurchases 2015 Notes representing in aggregate 10 per cent. or more of the initial aggregate nominal amount of the 2015 Notes, the Company will undertake to implement, within two trading days of the completion of any such repurchase resulting in the Company having repurchased a total of at least 30 per cent. of the 2015 Notes initially issued, or resulting in an aggregate of 10 per cent. of 2015 Notes having been repurchased over a 12 month rolling period, as the case may be, a standing repurchase order for a period of at least five consecutive trading days at a repurchase price per 2015 Note equal to (i) the highest purchase price (less accrued and unpaid interest) of the purchases made by the Company over the last twelve months and (ii) the accrued and unpaid interest on the 2015 Note since the interest payment date preceding the repurchase date until the repurchase date.

DEALER MANAGERS
Citigroup Global Markets Limited

Citigroup Centre

Canada Square

Canary Wharf

London E14 5LB

United Kingdom
Natixis

47 quai d'Austerlitz

75013 Paris

France
Telephone: +44 20 7986 8969

Attention: Liability Management Group

Email: liabilitymanagement.europe@citi.com
Attention:

Telephone: +33 (0)1 58 55 08 14 / +33 (0)1 58 55 02 27

Email: alcatel-tender-offers@natixis.com
TENDER AGENT

Citibank, N.A., London Branch
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
United Kingdom

Telephone: +44 (0) 20 7508 3867
Attention: Exchange Team
Email: exchange.gats@citi.com

Citigroup Global Markets Limited and Natixis are acting as Dealer Managers and Citibank, N.A., London Branch is acting as Tender Agent.

 DISCLAIMER

This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire or sell any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by the Company, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restriction.

About Alcatel-Lucent (Euronext Paris and NYSE: ALU)

The long-trusted partner of service providers, enterprises, strategic industries and governments around the world, Alcatel-Lucent is a leader in mobile, fixed, IP and Optics technologies, and a pioneer in applications and services. Alcatel-Lucent includes Bell Labs, one of the world's foremost centres of research and innovation in communications technology.

With operations in more than 130 countries and one of the most experienced global services organizations in the industry, Alcatel-Lucent is a local partner with global reach.

The Company achieved revenues of Euro 16 billion in 2010 and is incorporated in France and headquartered in Paris.

For more information, visit Alcatel-Lucent on: http://www.alcatel-lucent.com, read the latest posts on the Alcatel-Lucent blog http://www.alcatel-lucent.com/blog and follow the Company on Twitter: http://twitter.com/Alcatel_Lucent.

 

Alcatel-Lucent Press Contacts

SIMON POULTER                       simon.poulter@alcatel-lucent.com               T : +33 (0)1 40 76 50 84

VALERIE LA GAMBA                     valerie.la_gamba@alcatel-lucent.com              T: + 33 (0)1 30 77 35 91  

ALCATEL-LUCENT INVESTOR RELATIONS

FRANK MACCARY                        frank.maccary@alcatel-lucent.com              T : + 33 (0)1 40 76 12 11

DON SWEENEY                          don.sweeney@alcatel-lucent.com               T : + 1 908 582 6153

TOM BEVILACQUA                      thomas.bevilacqua@alcatel-lucent.com       T : + 1 908-582-7998

CONSTANCE DE CAMBIAIRE         constance.de_cambiaire@alcatel-lucent.com    T : +33 (0)1 40 76 10 13

 

 

 




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Source: Alcatel-Lucent via Thomson Reuters ONE

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