Redemption of USD 1.85 billion senior notes issued by Alcatel-Lucent USA Inc. as part of Nokia's planned capital structure optimization program
(Thomson Reuters ONE) -
Nokia Corporation
Stock Exchange Release
January 11, 2016 at 17:15 (CET +1)
Redemption of USD 1.85 billion senior notes issued by Alcatel-Lucent USA Inc. as
part of Nokia's planned capital structure optimization program
Espoo, Finland - Nokia announced today that the USD 1.85 billion aggregate
principal amount of senior notes issued by Alcatel-Lucent USA Inc., comprising
the USD 650 million 4.625% notes due July 2017, USD 500 million 8.875% notes due
January 2020 and USD 700 million 6.750% notes due November 2020, will be
redeemed in accordance with terms and conditions of the notes. Alcatel-Lucent
USA Inc. is a subsidiary of Alcatel-Lucent S.A., the French company controlled
by Nokia. The redemption is part of Nokia's planned EUR 7 billion capital
structure optimization program announced on October 29, 2015, which focuses on,
among other things, reducing interest-bearing liabilities of the combined Nokia
and Alcatel-Lucent by approximately EUR 2 billion.
The notice of redemption has been sent today by Alcatel-Lucent USA Inc. to the
noteholders, and the redemption will take place on February 10, 2016.
"We are pleased to move forward quickly with the implementation of our capital
structure optimization program," said Timo Ihamuotila, Chief Financial Officer.
"Lowering the Group's gross debt level is in line with Nokia's long-term target
of re-establishing its investment grade credit rating".
Concurrent with the redemption of the Notes, Nokia will provide Alcatel-Lucent
USA Inc. with a temporary revolving liquidity support facility until Nokia gains
100% ownership of Alcatel-Lucent.
About Nokia
Nokia is a global leader in the technologies that connect people and things.
Powered by the innovation of Bell Labs and Nokia Technologies, the company is at
the forefront of creating and licensing the technologies that are increasingly
at the heart of our connected lives.
With state-of-the-art software, hardware and services for any type of network,
Nokia is uniquely positioned to help communication service providers,
governments, and large enterprises deliver on the promise of 5G, the Cloud and
the Internet of Things. www.nokia.com
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FORWARD-LOOKING STATEMENTS
This stock exchange release contains forward-looking statements that reflect
Nokia's current expectations and views of future events and developments. Some
of these forward-looking statements can be identified by terms and phrases such
as "believe," "will", "would" and similar expressions. These forward-looking
statements include statements relating to: the redemption and repayment of
Alcatel-Lucent's and Alcatel-Lucent USA Inc.'s senior notes, capital
optimization program, the intragroup revolving credit facility and Nokia's
investment grade rating. These forward-looking statements are subject to a
number of risks and uncertainties, many of which are beyond our control, which
could cause actual results to differ materially from such statements. These
forward-looking statements are based on our beliefs, assumptions and
expectations of future performance, taking into account the information
currently available to us. These statements are only predictions based upon our
current expectations and views of future events and developments. Risks and
uncertainties include: the ability of Nokia to integrate Alcatel Lucent into
Nokia operations; the success of the reopened offers; the performance of the
global economy; and the impact on the combined company (after giving effect to
the transaction with Alcatel Lucent) of any of the foregoing risks or forward-
looking statements, as well as other risk factors listed from time to time in
Nokia's and Alcatel Lucent's filings with the U.S. Securities and Exchange
Commission ("SEC").
The forward-looking statements should be read in conjunction with the other
cautionary statements that are included elsewhere, including the Risk Factors
section of the Registration Statement (as defined below), Nokia's and Alcatel
Lucent's most recent annual reports on Form 20-F, reports furnished on Form 6-K,
and any other documents that Nokia or Alcatel Lucent have filed with the SEC.
Any forward-looking statements made in this stock exchange release are qualified
in their entirety by these cautionary statements, and there can be no assurance
that the actual results or developments anticipated by us will be realized or,
even if substantially realized, that they will have the expected consequences
to, or effects on, us or our business or operations. Except as required by law,
we undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NOKIA via GlobeNewswire
[HUG#1978042]
Unternehmensinformation / Kurzprofil:
Datum: 11.01.2016 - 16:16 Uhr
Sprache: Deutsch
News-ID 443476
Anzahl Zeichen: 6260
contact information:
Town:
Espoo
Kategorie:
Business News
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