Alcatel Wins Loans From Goldman, Credit Suisse

Alcatel-Lucent reached a 1.6 billion-euro financing deal, gaining time to overhaul the French phone-equipment maker and try to sell as much as 1.5 billion euros of assets. The senior secured credit facilities underwritten by Credit Suisse and Goldman Sachs will be denominated in U.S. dollars and euros, with maturities of 3 1/2 to six years, the company said today. Its 8.5 percent bonds jumped to the highest since in almost eight months.

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