Tous Actualités
Suivre
Abonner Nortel Networks

Nortel Networks

Nortel Announces Proposed Senior Notes Offering

Toronto, Canada (ots/PRNewswire)

Nortel Networks(x) Corporation
(NYSE/TSX: NT) today announced that its  principal direct operating
subsidiary, Nortel Networks Limited ("NNL"), has  commenced a
proposed US$2 billion offering of senior unsecured notes (the
"Notes") in the United States to qualified institutional buyers
pursuant to  Rule 144A under the U.S. Securities Act of 1933, as
amended (the " Securities Act"), to persons outside of the United
States under Regulation  S under the Securities Act, and to
accredited investors in Canada pursuant  to applicable private
placement exemptions, subject to market and other  conditions. The
Notes to be issued by NNL would be fully and  unconditionally
guaranteed by the Company and initially guaranteed by the  Company's
indirect subsidiary, Nortel Networks Inc. ("NNI").
NNL plans to use US$1.3 billion of the net proceeds to repay the
US$1.3  billion one-year credit facility that NNI entered into in
February 2006,  and the remainder for general corporate purposes,
including to replenish  recent cash outflows of US$150 million for
the repayment at maturity of the  outstanding aggregate principal
amount of the 7.40% Notes due June 15, 2006  issued by the Company's
indirect finance subsidiary, Nortel Networks  Capital Corporation,
and fully and unconditionally guaranteed by NNL, and  US$575 million
(plus accrued interest of US$5 million) deposited into  escrow on
June 1, 2006 pursuant to the proposed class action settlement  first
announced on February 8, 2006.
The Notes and related guarantees have not been registered under
the  Securities Act or the securities laws of any other jurisdiction
and may not  be offered or sold in the United States or to or for the
benefit of U.S.  persons unless so registered except pursuant to an
exemption from, or in a  transaction not subject to, the registration
requirements of the Securities  Act and applicable securities laws in
other jurisdictions. This press  release shall not constitute an
offer to sell or the solicitation of an  offer to buy the Notes and
the related guarantees, nor shall there be any  sale of the Notes and
the related guarantees in any jurisdiction in which  such offer,
solicitation or sale is unlawful.  This press release is being
issued pursuant to and in accordance with Rule 135c under the
Securities Act.
(x)Nortel, the Nortel logo and the Globemark are trademarks of
Nortel  Networks.

Contact:

Nortel

Plus de actualités: Nortel Networks
Plus de actualités: Nortel Networks
  • 06.06.2006 – 14:14

    Nortel Unveils New Technology for Tomorrow's Telecoms Networks

    Toronto (ots/PRNewswire) - - Provider Backbone Transport Transforms Traditional Role of Ethernet TORONTO, June 6 /PRNewswire/ -- Nortel(x) (NYSE:NT; TSX: NT) has developed a new technology to be the foundation of service provider metropolitan networks. Now available in its Metro Ethernet Networks portfolio, the new technology - called Provider Backbone Transport (PBT) - is designed to allow service ...

  • 06.06.2006 – 14:06

    Nortel Advances Ethernet for Coming Wave of Video Services

    Toronto, Canada (ots/PRNewswire) - - Unveils Metro Ethernet Innovations for Video, 3G Wireless and Business Services Following its recent announcement of a new business targeted at Metro Ethernet Networks, Nortel(x) (NYSE: NT; TSX: NT) today introduced innovations to; meet the growing demand for high-bandwidth video and data services in service provider metropolitan networks. Nortel's innovations enable ...