Paris, November 24 2009
Not for distribution in the United States, Canada, Japan or Italy
Vivendi makes a €1.2 billion bond issue
Today Vivendi successfully placed a two-part bond issue of €1.2 billion
The 10 year €700 million tranche is with a coupon of 4.875% and has been issued at a price of 99.728%, corresponding to a 4.91% yield.
The 7 years €500 million tranche is with a coupon of 4.25% and has been issued at a price of 99.425%, corresponding to a 4.347% yield.
This bond issue aims to increase the average maturity of the debt which now reaches 4 years (instead of 3.5 years before) and to maintain a good balance between bonds and credit lines. It has been placed with European institutional investors by means of a book building procedure carried out jointly by HSBC Holdings Plc, Natixis, Royal Bank of Scotland Plc and Société Générale.
A world leader in communications and entertainment, Vivendi controls Activision Blizzard (#1 in video games worldwide), Universal Music Group (#1 in music worldwide), SFR (#2 in mobile and fixed telecom in France), Maroc Telecom Group (#1 in mobile and fixed telecom in Morocco), Canal+ Group (#1 in pay-TV in France) and owns 20% of NBCU (leading U.S. media and entertainment group).
In 2008, Vivendi achieved revenues of €25.4 billion and adjusted net income of €2.7 billion. With operations in 77 countries, the Group has about 43,000 employees.
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.