An Alcatel-Lucent (ALU +4.3%) tender offer to redeem 2.875% convertible notes due 2025 yielded...


An Alcatel-Lucent (ALU +4.3%) tender offer to redeem 2.875% convertible notes due 2025 yielded $763.8M worth of redemptions, according to preliminary results. This follows a tender offer for €750M in European debt that yielded €726M. ALU, which had $8.8B in debt at the end of Q1, has been working to refinance and pare its debt load with the help of its new credit facilities.

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