Alcatel-Lucent closes increased lines

Alcatel-Lucent, the French telecoms group, has closed its new senior secured loan transaction, increasing the credit facilities from €1.615bn to around €2bn after strong appetite from investors.

  • 31 Jan 2013
The borrower confirmed that, on average, pricing has been pushed down by around 90bp over the syndication process while the original issue discount has been cut by 150bp across the facilities. In addition, the financial covenant has been removed and the call protection on the term loan tranches ...

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