Nokia ( NOK ) priced $300 million 6.50% debentures due Jan 15, 2028, $1.36 billion of 6.45% debentures due March 15, 2029 issued by Lucent Technologies (ALU notes), and the $1 billion 5.375% notes due March 15, 2019 issued by Nokia.
As of 5:00 pm ET on June 12, the company said an aggregate principal amount of notes equal to approximately $1.5 billion has been validly tendered and not validly withdrawn in the tender offer.
The company also said that it is exercising the early settlement election and the early settlement date
will be June 14 .
Concurrently with the tender offers, Alcatel Lucent solicited consents from each holder of Alcatel Lucent notes to certain proposed amendments to the indenture governing the Alcatel notes. The proposed amendments will eliminate: covenants in the ALU Indenture governing the ALU notes with respect to liens, sale and leaseback transactions and reports; and certain events of default with respect to the ALU notes, other than certain events of default including the failure to pay principal of or premium, if any, on and interest on such ALU notes, and bankruptcy.Â
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