Alcatel-Lucent rings in cost reduction finance
French telecoms firm Alcatel-Lucent has signed credit facilities totalling around $2.13bn. Credit Suisse and Goldman Sachs underwrote the deal. The facility is split into a $500m 3.5 year asset sale facility priced at 600bp over Libor and $1.275bn and €250m six year term loans priced at 700bp over Libor.
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