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Paris, January 18, 2008
Vivendi closes the financing of Activision and Neuf
Cegetel
In anticipation of financing requirements associated with the acquisitions of
Activision and Neuf Cegetel, Vivendi has just signed a new syndicated loan of
€3.5 billion underwritten by a pool of banks.
This new facility consists
of 3 tranches:
→ €1.5 billion by way of a bridging loan
repayable with the product of a rights issue of about the same amount to be
carried out upon completion of the acquisition of Neuf Cegetel.
→ €2 billion by way of a “revolver” facility, half of which will be
available over 3 years and half over 5 years.
These new sources of financing supplement the €4 billion in unused credit
lines (maturing in 2012) and available cash of more than €1 billion at the end
of 2007. They will enable Vivendi to meet its future commitments with complete
security and flexibility.
Important
disclaimer
This press release contains forward-looking statements
with respect to the financial condition, results of operations, business,
strategy and plans of Vivendi. Although Vivendi believes that such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance. Actual results may differ materially
from the forward-looking statements as a result of a number of risks and
uncertainties, many of which are outside our control, including, but not limited
to, the risks described in the documents Vivendi filed with the Autorité des
Marchés Financiers (French securities regulator) and which are also available in
English on our web site (www.vivendi.com). Investors and
security holders may obtain a free copy of documents filed by Vivendi with the
Autorité des Marchés Financiers at www.amf-france.org, or directly
from Vivendi. The present forward-looking statements are made as of the date of
the present press release and Vivendi disclaims any intention or obligation to
provide, update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
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