Alcatel Lucent SA Announces the Closing of its Senior Secured Credit Facilities Transaction
Alcatel Lucent SA announced the closing of its Senior Secured Credit Facilities transaction. Following the syndication process managed by Credit Suisse AG and Goldman Sachs Bank USA, the Company upsized the credit facilities to around EUR 2 billion from EUR 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. In addition, the financial covenant has been removed, and call protection on the term loan tranches has been reduced.
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