Paris, May 11, 2012
Vivendi successfully completes a new 5 year credit line of €1.5 billion
Vivendi successfully completed the early refinancing of two credit lines totaling €2.7 billion, which were due to expire in February 2013 (€1 billion) and August 2013 (€1.7 billion). They have been replaced with a new 5 year credit line of €1.5 billion, expiring in June 2017.
This operation has been syndicated to a pool of 15 banks and forms part of the policy of increasing Vivendi’s financial strength. The Group’s objectives are to maintain the company’s average debt maturity at more than four years and to increase the proportion of financing through bond issues to more than 70% of its total borrowing.
About Vivendi The best emotions, digitally Vivendi is at the heart of the worlds of content, platforms and interactive networks. Vivendi combines the world leader in video games (Activision Blizzard), the world leader in music (Universal Music Group), the French leader in alternative telecoms (SFR), the Moroccan leader in telecoms (Maroc Telecom Group), the leading alternative broadband operator in Brazil (GVT) and the French leader in pay-TV (Canal+ Group). In 2011, Vivendi achieved revenues of €28.8 billion and adjusted net income of €2.95 billion. The Group has over 58,300 employees. www.vivendi.com
Important disclaimer Cautionary Note Regarding Forward Looking Statements. This press release contains forward-looking statements with respect to Vivendi`s financial condition, results of operations, business, strategy and plans. 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 has 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. Accordingly, we caution you against relying on forward looking statements. The present forward-looking statements are made as of the date of this 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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