USD 1.85 billion senior notes issued by Alcatel-Lucent USA Inc. have been redeemed as part of Nokia's capital structure optim...
February 10 2016 - 12:21PM
Nokia announced today that the USD 1.85 billion aggregate principal
amount of senior notes issued by Alcatel-Lucent USA Inc.,
comprising the USD 650 million 4.625% notes due July 2017, USD 500
million 8.875% notes due January 2020 and USD 700 million 6.750%
notes due November 2020, have been redeemed in accordance with
terms and conditions of the notes. Alcatel-Lucent USA Inc. is a
subsidiary of Alcatel-Lucent S.A., the French company controlled by
Nokia.
The redemption is part of Nokia's EUR 7 billion capital
structure optimization program announced on October 29, 2015, which
focuses on, among other things, reducing interest-bearing
liabilities of the combined Nokia and Alcatel-Lucent by
approximately EUR 2 billion.
Alcatel-Lucent S.A. has also on February 9, 2016 terminated its
EUR 504 million revolving credit facility. Following these
transactions all debt items in the combined company capital
structure are based on investment grade documentation and have no
financial covenants.
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www.nokia.com Media Enquiries: Nokia Communications Tel. +358 (0)
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