PARIS (Reuters) - Telecom equipment maker Alcatel-Lucent said on Wednesday its credit facility underwritten by Credit Suisse and Goldman Sachs has been raised to 2 billion euros from an initial 1.6 billion euros following strong investor demand.
"Alcatel-Lucent confirms that the proceeds will be used for the refinancing of certain existing indebtedness and for working capital and general corporate purposes," the statement said.
Bankers had said last week that growing investor demand for riskier assets had allowed Alcatel-Lucent to increase the debt it planned to raise in a refinancing, giving a boost to its turnaround efforts.
(Reporting by Dominique Vidalon)
FATAL SELFIE: Teen Killed Taking Instagram Photo With Gun To His Head - Bearing Arms - Negligent Discharge, Texas
Katie Pavlich - Exposing The Black Lives Matter Movement For What It Is: Promotion of Cop Killing
Why Home Schooling? | Human Events
Daniel J. Mitchell - Does Donald Trump Think Washington Politicians Should Have More of Our Money to Help America Become Greece?
Police department in Florida reports officer denied service at local Arby's just for being a cop
Have We Not More Faith Than This? | RedState
Intel community: Hillary e-mail server exposed satellite intel on North Korea’s nukes - Hot Air