Alcatel-Lucent affiliate repays $1.72 million credit facility early

By Marisa Wong

Madison, Wis., Aug. 20 – Alcatel-Lucent said its affiliate, Alcatel-Lucent USA Inc., repaid in full its senior secured credit facility on Aug. 19.

Alcatel-Lucent USA entered into the $1.75 billion credit facility on Jan. 30, 2013.

The early repayment, for an outstanding amount of $1,724,000,000, was made using proceeds from an issuance of convertible bonds due 2019 and 2020 and available cash.

Michel Combes, chief executive officer of Alcatel-Lucent, said in a press release, “The early repayment of the senior secured loan taken out in January 2013 is another major milestone in our execution of the Shift Plan. Through the measures we have taken to strengthen our balance sheet, we have also been able to regain control of our own destiny, in particular, the release of intellectual property, giving us now the freedom and flexibility to leverage these assets as and how we see beneficial for Alcatel-Lucent’s future.”

Paris-based Alcatel-Lucent is a voice, data and video communication services provider.

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