Alcatel-Lucent to repay 2014, 2015 debt issuances

PARIS Mon Nov 4, 2013 3:51am EST

PARIS Nov 4 (Reuters) - Alcatel-Lucent said it intends to repay 2014 and 2015 debt issuances once it launches a 955 million euro ($1.3 billion) capital increase and a high-yield bond.

Chief Financial Officer Jean-Raby said on Monday that after the financial operations the telecom equipment maker's net debt would be "around break even" or 50 million euros.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

How to get out of debt

Financial adviser Eric Brotman offers strategies for cutting debt from student loans and elder care -- and how to avoid money woes in the first place.  Video