ALLENTOWN, Pa.-In an amendment agreement with its bank group, Agere Systems said it has paid $1 billion of its $2.5 billion debt it assumed from parent company Lucent Technologies Inc. The maturity date of its $1.5 billion balance has been extended from Feb. 21, 2002 to Sept. 30, 2002.
“We’re pleased that our lenders continue to work constructively with us to assist us in executing our business plans,” said Agere Systems chief financial officer Mark Greenquist.
