Alcatel-Lucent : Alcatel-Lucent repurchases 39.40% of the bonds convertible
and/or exchangeable for new or existing Alcatel-Lucent shares (OCEANE) due 1
Alcatel-Lucent repurchases 39.40% of the bonds convertible and/or exchangeable
for new or existing Alcatel-Lucent shares (OCEANE) due 1January 2015 in the
context of the reverse bookbuilding repurchase procedure
Paris, 26 June 2013 - Alcatel-Lucent (Euronext Paris and NYSE : ALU, the
"Company") has,simultaneously with the launch today of the issuance of the
OCEANE due 1 July 2018 (the "Bonds"), collected through Deutsche Bank, Citi
and Natixis, via a reverse bookbuilding procedure, the selling interests of
certain holders of OCEANE due 1 January 2015 (the "2015OCEANE") outside of the
United States of America (the "Repurchase Proposal").
As part of the Repurchase Proposal, the Company agreed to purchase 98,396,171
2015 OCEANE, i.e. 39.40% of the outstanding 2015 OCEANE, for a price of EUR
3.37 (excluding accrued interest) per 2015 OCEANE.
The 2015 OCEANE repurchase will take place after the close of Euronext Paris
on 4 July 2013, i.e. the trading day following the settlement date of the
Bonds, and subject to the definitive completion of such settlement.
Further to the Repurchase Proposal, 151,309,617 2015 OCEANE, representing
48.87% of the number of 2015 OCEANE originally issued, shall remain
The settlement of the Bonds is expected on 3 July 2013. In the absence of
settlement of the issuance of the Bonds, the Repurchase Proposal will lapse
and therefore its settlement will not take place.
So as to ensure an equitable treatment among all 2015 OCEANE holders, the
Company is committed to carry out a standing repurchase order on the market in
The standing repurchase order will be completed on the terms set out below.
The Company will place the standing repurchase order on the market in France
at a price of EUR 3.37 (excluding accrued interest).
The Company will acquire the 2015 OCEANE on the French market during a 5
consecutive trading day-period from the day following the settlement of the
repurchase outside the scope of the 2015 OCEANE market, i.e. from the 5 July
2013 to the 11 July 2013 included (based on the indicative timetable).
Following the market repurchase period, the Company will announce the total
amount of 2015 OCEANE bought back with a press release.
The repurchased 2015 OCEANE will be cancelled.
The Company's long-term debt is rated Caa1 by Moody's (rating date: 4 December
2012), with a negative outlook since 4 December 2012 and CCC by Standard &
Poor's (rating date: 21 June 2013), with a stable outlook since 21 June 2013.
AVAILABILITY OF THE PROSPECTUS
A prospectus has been submitted to the approval of the Autorité des marchés
financiers (the "AMF") in order to list the Bonds on Euronext Paris and will
be, upon approval of the AMF, available free of charge at the registered
office of Alcatel-Lucent as well as on its website (www.alcatel-lucent.com)
and on the AMF's website (www.amf-france.org).
The prospectus consists of the Company's reference document filed with the AMF
on 12 March 2013 under number D.13-0124 (the "Reference Document"), its update
filed with the AMF on 25 June 2013 under number D.13-0124-A01 and a securities
note (note d'opération) which includes the summary of the prospectus. The
Reference Document and its update are available on the Company's website
(www.alcatel-lucent.com) and the AMF's website (www.amf-france.org).
Investors are invited to consider carefully all of the risk factors described
in chapter 3 of the Reference Document, as well as in section 4 of the update
to the Reference Document.
This press release does not constitute a subscription offer, and the offering
of the Bonds does not constitute a public offering in any country, including
About Alcatel-Lucent (Euronext Paris and NYSE: ALU)
The long-trusted partner of service providers, enterprises and governments
around the world, Alcatel-Lucent is a leading innovator in the field of
networking and communications technology, products and services. The company
is home to Bell Labs, one of the world's foremost research centers,
responsible for breakthroughs that have shaped the networking and
Alcatel-Lucent innovations are regularly recognized by international
institutions for their positive impact on society. In 2012 and for the second
year running, Alcatel-Lucent was named one of the Thomson Reuters Top 100
Global Innovators, recognition for the company's continued addition to its
world-class patent portfolio, one of the largest in the telecom industry.
Alcatel-Lucent has also been recognized for its sustainability performance. In
2012 the company was ranked Technology Supersector Leader by the Dow Jones
Sustainability Index. Through its innovations, Alcatel-Lucent is making
communications more sustainable, more affordable and more accessible as we
pursue our mission of Realizing the Potential of a Connected World.
With operations throughout the world, Alcatel-Lucent is a local partner with
global reach. The Company achieved revenues of Euro 14.4 billion in 2012 and
is incorporated in France and headquartered in Paris.
For more information, visit Alcatel-Lucent on: http://www.alcatel-lucent.com,
read the latest posts on the Alcatel-Lucent blog
http://www.alcatel-lucent.com/blog and follow the Company on Twitter:
Alcatel-Lucent Press Contacts
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VALERIE LA GAMBA
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email@example.com T : + 33 (0)1 40 76 12 11
TOM BEVILACQUA firstname.lastname@example.org
T : + 1 908-582-7998
email@example.com T : +33 (0)1 40 76 49 08
This press release must not be published, released or distributed, directly or
indirectly, in the United States of America, Canada, Japan or Australia. This
press release and the information contained herein do not constitute an offer
to sell or subscribe, nor the solicitation of an order to purchase or
subscribe, securities in any country.
This press release does not constitute a public offering of securities or a
subscription offer and shall not be considered as destined to solicit the
public interest with a view to a public offering in any country.
Securities may not be offered or sold in the United States of America, or on
behalf or for the benefit of US persons (as such term is defined in Regulation
S under the US Securities Act) absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended, ("US
Securities Act"). The securities referred to in this press release have not
been and will not be registered under the U.S. Securities Act and
Alcatel-Lucent does not intend to make a public offer of such securities in
the United States of America.
In member states of European Economic Area which have implemented Directive
2003/71/EC (as amended) (the "ProspectusDirective") other than France, this
press release and any offer if made subsequently are directed exclusively at
persons who are "qualified investors" within the meaning of the Prospectus
Directive and any relevant implementing measures in the relevant member state.
This press release is not an invitation nor an inducement to engage in an
investment activity for the purpose of Section 21 of the Financial Services
and Markets Act 2000, as amended ("FSMA"). This press release is directed only
at (i) persons outside the United Kingdom, (ii) investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Regulation"), (iii) persons referred to
in Article 49(2) (a) to (d) of the Regulation (high net worth entities,
non-registered associations, etc.) and (iv) other persons to whom this
document may be lawfully communicated (all persons listed in (i), (ii), (iii)
and (iv) above being referred to as "Relevant Persons"). The Bonds are
available only to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such Bonds will be engaged in only with,
Relevant Persons. Any person who is not a Relevant Person must not act or rely
on this document or any of its contents.
This press release does not constitute an invitation to participate in the
repurchase of the 2015 OCEANE in any country in which, or any person to whom,
it is unlawful to make such an invitation under applicable laws and
regulations. In particular, the repurchase of 2015 OCEANE is not and will not
be directed to the United States of America in any manner and in any form.
Persons into whose possession this press release comes are required to inform
themselves about, and to observe, any such legal or regulatory restrictions.
The release, publication or distribution of this press release in certain
jurisdictions may be restricted by laws or regulations. Therefore, persons in
such jurisdictions into which this press release is released, published or
distributed must inform themselves about and comply with such laws or
Alcatel-Lucent OCEANE 2
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The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Alcatel-Lucent via Thomson Reuters ONE
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