Alcatel, Lucent solicit consents for 2.75% convertible debentures

By Jennifer Chiou

New York, Nov. 14 - Alcatel and Lucent Technologies announced the start of a joint consent solicitation from holders of Lucent's 2.75% series A convertible senior debentures due 2023 and 2.75% series B convertible senior debentures due 2025.

The companies are soliciting consents to amend the indentures in return for a full and unconditional guaranty from Alcatel, which is unsecured and subordinated to its senior debt.

The solicitation will expire at 5 p.m. ET on Nov. 29.

The companies said they are seeking consents from a majority of debentureholders, adding that the solicitation is conditioned on the completion of the merger between Alcatel and Lucent.

D.F. King & Co. is the information agent (888 887-0082 or call collect 212 269-5550). Bear, Stearns & Co. Inc. is the solicitation agent (877 696-BEAR).

Alcatel is a Paris-based telecommunications equipment company.

Murray Hill, N.J.-based Lucent sells software and services for communications networks.

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