Alcatel-Lucent : Alcatel-Lucent announces the approval (visa) of the AMF on
the prospectus of the issuance of bonds convertible into and/or exchangeable
for new or existing shares (OCEANE) maturing on 1 July 2018
Alcatel-Lucent announces the approval (visa) of the Autorité des marchés
financiers on the prospectus of the issuance of bonds convertible into and/or
exchangeable for new or existing shares (OCEANE) maturing on 1July 2018
Paris, 26 June 2013 - Alcatel-Lucent (Euronext Paris and NYSE: ALU, the
"Company") launched today an issuance of OCEANE maturing on 1 July 2018 (the
"Bonds") in an initial nominal amount of approximately EUR 547.8 million, of
which the nominal value per Bond has been set at EUR1.80 giving a premium of
approximately 37% over the reference share price of Alcatel-Lucent's
shares^ listed on the regulated market NYSE-Euronext in Paris ("Euronext
The objective of the issuance, which is part of the Shift Plan
(Alcatel-Lucent's three-year program to industrially reposition the company as
a specialist in IP Networking and Ultra-broadband, while significantly
reducing costs and addressing its debt profile), is to extend the maturity of
the group's indebtedness.
The nominal amount of the issuance may be increased by a maximum of
approximately 15% to a maximum nominal amount of approximately EUR628.9
million if the over-allotment option granted to the Joint Lead-Managers and
Joint Bookrunners is exercised in full no later than 1 July 2013.
The conversion / exchange ratio of the Bonds will be one new or existing
Alcatel-Lucent share per Bond, subject to potential adjustments.
The Bonds will bear interest, at an annual rate of 4.25%, payable
semi-annually in arrear on 1 January and 1 July of each year, commencing on 1
January 2014 (or, if such date is not a business day, the following business
day), i.e. approximately EUR0.03825 per Bond and each semester. With respect
to the period from and including 3 July 2013, the issue date, up to and
including 31 December 2013, the amount of interest that will be payable on 1
January 2014 (or on the following business day if such date is not a business
day), will amount to approximately EUR 0.03794 per Bond.
The Bonds will be issued at par on 3 July 2013 and will be redeemed at par on
1 July 2018. At the option of Alcatel-Lucent, the Bonds may be subject to an
early redemption under certain conditions.
The Bonds are rated CCC by Standard & Poor's and Caa1 by Moody's.
The Autorité des marchés financiers (the "AMF") has approved the listing
prospectus of the Bonds on Euronext Paris under number 13-305 dated 26 June
The Bonds were only subject to a private placement in France and outside
France (but not in the United States of America, Canada, Australia or Japan)
to persons referred to in article L. 411-2-II of the French Monetary and
Financial Code (Code monétaire et financier), without a public offering in any
country (including France).
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.
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
This is an abbreviated version of a more detailed press release which can be
found online at http://resources.alcatel-lucent.com/forms/press20130624EN.cfm.
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.
Alcatel-Lucent Press Contacts
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VALERIE LA GAMBA
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ALCATEL-LUCENT INVESTOR RELATIONS
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TOM BEVILACQUA email@example.com
T : + 1 908-582-7998
CORALIE SPAETER firstname.lastname@example.org
T : +33 (0)1 40 76 49 08
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.
The Bonds have been offered only by way of private placement in France and
outside of France (except in the United States of America, Canada, Japan and
Australia) to persons referred to in article L. 411-2 II of the French
Monetary and Financial Code. The listing of the Bonds on the regulated market
of NYSE Euronext in Paris will be subject to a prospectus to be approved by
The Bonds have not been offered, directly or indirectly, to the public in
France. Any offer of Bonds or distribution of any offering material relating
to the Bonds has been made in France only to (i) persons providing investment
services relating to portfolio management for the account of third parties
(personnes fournissant le service d'investissement de gestion de portefeuille
pour compte de tiers) or (ii) qualified investors acting for their own account
as defined under articles L. 411-2 et D. 411-1 of the French Monetary and
Financial Code and in accordance with articles L. 411-1 et L. 411-2 of the
French Monetary and Financial Code.
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. This notice is issued pursuant to Rule 135c
under the U.S. Securities Act, as amended.
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.
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
The stabilizing agent (or any other institution acting on its behalf) will
have the ability, but not the obligation as from the moment on which the final
terms of this transaction become public, i.e., on 26 June 2013, to intervene
so as to stabilize the market for the Bonds and/or possibly the Company's
shares in accordance with applicable laws and regulations, and in particular
Regulation (EC) no. 2273/2003 of the Commission dated 22 December 2003. Such
interventions may be interrupted at any time, if any, but at the latest on 1
July 2013. Such interventions may stabilize the price of the Company's shares
and of the Bonds. Such interventions may also affect the price of the
Company's shares and of the Bonds and could result in such prices being higher
than those that might otherwise prevail.
 The reference share price is the volume weighted average price of
Alcatel-Lucent's shares quoted on Euronext Paris from the opening of trading
on 26 June 2013 until the final terms of the Bonds are determined.
Alcatel-Lucent OCEANE 3
This announcement is distributed by Thomson Reuters on behalf of Thomson
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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