Alcatel-Lucent to reprice term loan, again

The US subsidiary of telecoms firm Alcatel-Lucent is seeking to reprice a $1.737bn term loan ‘C’, only four months after the deal was first repriced.

  • By Olivier Holmey
  • 13 Dec 2013

The transaction, launched on Wednesday December 11, is intended to cut at least 125bp from the term loan’s margin — from 475bp over Libor to 325bp-350bp. The term loan will retain a 1% Libor floor.

Before the previous repricing — signed on August 16 — the margin on the January 2019 term loan was ...

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