UPDATE: Alcatel (ALU) Submarine Cable Unit Attracts Interest; Advisor Hired for Other Sales

Go back to UPDATE: Alcatel (ALU) Submarine Cable Unit Attracts Interest; Advisor Hired for Other Sales

Interest Will Lead to Better Terms for Alcatel (ALU) in Financing Arrangement

January 15, 2013 6:31 AM EST

Alcatel-Lucent (NYSE: ALU) is expected to get more favorable terms in its recent bid to secure financing.

Arrangers said that there was oversubscription to Alcatel's 1.62 billion loan in syndication. Due to the interest, size of the loan might be increased while pricing... More