Orlando, FL -- (SBWIRE) -- 08/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Alcatel Lucent SA (ADR) (NYSE:ALU), NewLead Holdings Ltd (NASDAQ:NEWL).
Alcatel Lucent SA (ADR) (NYSE:ALU) shares gained 0.74% to $2.73. The company on August 10 lowered the interest rate it will pay on a $1.74 billion, six-year term portion to 4.75 percentage points more than the London interbank offered rate with a 1 percent minimum, down from 5 percentage points, according to a person with knowledge of the transaction. A 299 million-euro ($399 million) portion, also due in six years, will pay 5.25 percentage points more than the lending benchmark, in line with what was initially proposed, said the person, who asked not to be identified because terms are private.
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Additionally, the company is seeking to reduce the rate on about $2.1 billion of loans it obtained in January, according to a person with knowledge of the deal on August 1.
NewLead Holdings Ltd (NASDAQ:NEWL) shares gained 12.01% to $0.124. The company, on August 8, announced that the NASDAQ Stock Market LLC ("NASDAQ") has accepted the Company's plan to regain compliance with NASDAQ Listing Rule 5250(c)(1) (the "Rule") which will permit the continued listing of the Company's common stock on the NASDAQ Global Select Market.
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As previously reported, on May 16, 2013 the Company received a letter from NASDAQ stating that the Company was not in compliance with the Rule because the Company did not timely file its Annual Report on Form 20-F for the year ended December 31, 2012 (the "Form 20-F"). As a result of the violation of the Rule, the NASDAQ letter stated that the Company had until July 15, 2013 to submit a plan to regain compliance.
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