MURRAY HILL, N.J.-Lucent Technologies Inc. announced the underwriters of its $1.525 billion offering of convertible senior debt have exercised an over-allotment option to acquire an additional $105.5 million of the convertible debentures, bringing the total capital the company has raised through the offering to $1.631 billion.
In total, the offering consists of two series of debt. Series A, which matures in 2023, has raised $750 million; and Series B, which matures in 2025, has raised $880.5 million.
