Paris, April 01, 2008
(NOT FOR DISTRIBUTION IN CANADA, JAPAN OR ITALY)
Vivendi – Debt Optimization
Launch of US Notes Maturing 5 -10 years
Vivendi indicates that this transaction is made within the scope of the planned acquisitions of Activision and Neuf Cegetel. The objective is to rebalance its debt structure between bank debt and bond debt and to lengthen its average maturity.
This financing will be a substitute to drawings under the bank facilities which are available to Vivendi today and which are already largely sufficient to ensure the financing of these transactions.
The issue of these notes is made on the U.S. dollar market and allows Vivendi to improve the adjustment of its Euro/Dollar debt to its businesses portfolio. This issue should also allow Vivendi to access maturity periods longer than on the Euro market.
The notes will not be registered under the Securities Act of 1933, or any applicable state or foreign securities laws, and are subject to substantial restrictions on transfer. In particular, the notes may not be offered or sold in the U.S., or to or for the benefit of U.S. persons, absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Cautionary Statement Concerning Forward-looking Statements:
This news release contains both historical and forward-looking statements. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements are not based on historical facts, but rather reflect the Company’s current expectations concerning future results and events. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause the actual results, performance or achievements of the Company to be different from any future results, performance and achievements expressed or implied by these statements, included, but not limited to, the risks, uncertainties and other factors disclosed in the Company’s public filings with the French Autorité des Marchés Financiers, including its 2007 Annual Report filed as a Reference Document. The forward-looking statements are made as of this date and the Company undertakes no obligation to update them, whether as a result of new information, future events or otherwise.