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Alcatel-Lucent to redeem all 2.875% series A, B convertible debentures
By Tali David
Minneapolis, Nov. 5 - Alcatel-Lucent USA Inc. intends to redeem all $95 million of its 2.875% series A convertible debentures due 2023 and all $1.2 million of its 2.875% series B convertible senior debentures due 2025, according to a 6-K filing with the Securities and Exchange Commission.
The convertibles will be redeemed on Dec. 5.
The debentures are convertible at any time before the redemption date at a rate of (a) in respect of the series A debentures, 59.7015 American Depositary Shares of Alcatel-Lucent per $1,000 principal amount and (b) in respect of the series B debentures, 65.1465 ADSs per $1,000 principal amount.
Any convertibles surrendered for conversion will be settled in cash and ADSs in accordance with the provisions of the indenture.
The Bank of New York Mellon (800 254-2826) is the trustee.
Alcatel is a Paris-based telecommunications services and equipment company.
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