Daily News: August 19, 2013

Credit Suisse, Goldman Syndicate Alcatel-Lucent USA Amendments


Alcatel-Lucent announced that its wholly-owned subsidiary, Alcatel-Lucent USA, has entered into amendments to its senior secured credit facilities announced on January 30, 2013. According to the 1/30/13 announcement, Credit Suisse AG and Goldman Sachs Bank USA managed the syndication process.

The company said the amendments have the effect of changing certain covenants governing the facilities, lowering the interest rate on the $1,750 million, 7.25% senior secured term loan facility due 2019 to 5.75% and lowering the interest rate on the EUR 300 million, 7.50% senior secured term loan facility due 2019 to 6.25%.

As of August 16, 2013 the principal amount outstanding on the dollar tranche is $1,741 million and the principal amount outstanding on the Euro tranche is EUR 298 million.