Alcatel-Lucent successfully renewed its Syndicated Credit Facility
Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced that it has successfully completed the signing of a EUR 1.4 billion syndicated 5-year revolving credit facility (with two one-year extension options) which will be used for general corporate purposes and will replace the existing undrawn EUR 1.0 billion syndicated facility maturing in June 2009.
This early renewal of its revolving credit facility enables Alcatel-Lucent to benefit from improved terms and conditions compared to the previous facility.
The Facility, which was originally launched at EUR 1.2 billion to a selected group of relationship banks, was substantially oversubscribed and Alcatel-Lucent chose to increase the Facility amount to EUR 1.4 billion.
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