Stumbling Lucent Tries To Get Again On Observe

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In January the corporate mentioned it had obtained a new $4.5 billion credit line from J.P. Morgan Chase and Salomon Smith Barney. But paying off the new debt takes precedence over paying off older debts, site (https://weproject.media/) making existing bondholders nervous. The previous bonds already have been downgraded. "Lucent is very delicate to a money squeeze," Kogut said, noting that some competitors have better inside resources on which to attract. General Electric, for instance, has a ready supply in its GE Capital financial companies arm.

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