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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2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
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