Alcatel-Lucent announces the results of its tender offer process
May 16, 2013
Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum dated 30 April 2013 (the Tender Offer Memorandum).
As at the Expiration Deadline of 5pm CET on 15 May 2013, an aggregate nominal amount of EUR726,270,605.49 of Notes had been validly tendered in the Offers.
The Company has decided to accept for purchase an aggregate nominal amount of EUR440,726,304.05 of Notes as set out below. In respect of the 2015 Notes and 2016 Notes, all Notes validly tendered at or below the applicable Purchase Price have been accepted in full.
Series Acceptance Amount
104.50 per cent.
0.768 per cent. of the nominal amount of the relevant 2014 Notes
€3.33 per Note of par value €3.23
€0.062 per Note of par value €3.23 as included in the 2015 Purchase Price
106.50 per cent.
2.975 per cent. of the nominal amount of the relevant 2016 Notes
The expected Settlement Date for the Offers is 21 May 2013. Notes repurchased by the Company pursuant to the Offers will be cancelled.
As the 2015 Notes repurchased represent less than 20 per cent. of the number of 2015 Notes initially issued, the Company will not undertake a standing repurchase order for holders of the outstanding 2015 Notes.
However, the Company reserves the right to continue to repurchase 2015 Notes, as well as 2014 Notes and 2016 Notes, off-market or in the market.
If (i) the Company were to subsequently repurchase 2015 Notes resulting in the Company having repurchased a total of at least 30 per cent. of the initial aggregate nominal amount of the 2015 Notes, or (ii) the Company were to subsequently repurchase 2015 Notes resulting in between 20 per cent. and 30 per cent. of the initial aggregate nominal amount of the 2015 Notes, and during any subsequent 12 month rolling period, the Company repurchases 2015 Notes representing in aggregate 10 per cent. or more of the initial aggregate nominal amount of the 2015 Notes, the Company will undertake to implement, within two trading days of the completion of any such repurchase resulting in the Company having repurchased a total of at least 30 per cent. of the 2015 Notes initially issued, or resulting in an aggregate of 10 per cent. of 2015 Notes having been repurchased over a 12 month rolling period, as the case may be, a standing repurchase order for a period of at least five consecutive trading days at a repurchase price per 2015 Note equal to (i) the highest purchase price (less accrued and unpaid interest) of the purchases made by the Company over the last twelve months and (ii) the accrued and unpaid interest on the 2015 Note since the interest payment date preceding the repurchase date until the repurchase date.
Citigroup Global Markets Limited and Natixis are acting as Dealer Managers and Citibank, N.A., London Branch is acting as Tender Agent.
Citigroup Global Markets Limited
London E14 5LB
47 quai d’Austerlitz
Telephone: +44 20 7986 8969
Attention: Liability Management Group
Telephone: +33 (0)1 58 55 08 14 / +33 (0)1 58 55 02 27
Citibank, N.A., London Branch
London E14 5LB
Telephone: +44 (0) 20 7508 3867
Attention: Exchange Team
This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire or sell any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by the Company, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restriction.
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 communications industry
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: http://twitter.com/Alcatel_Lucent.
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