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VIVHY Vivendi SE (PK)

11.945
-0.055 (-0.46%)
Last Updated: 18:06:14
Delayed by 15 minutes
Name Symbol Market Type
Vivendi SE (PK) USOTC:VIVHY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.055 -0.46% 11.945 11.94 11.96 12.002 11.94 12.00 4,464 18:06:14

Vivendi Gets EUR5 Billion Syndicated Loan To Finance SFR Deal

18/04/2011 12:22pm

Dow Jones News


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French media giant Vivendi SA (VIVEF, VIV.FR) said Monday it agreed on a syndicated loan worth EUR5 billion to finance the acquisition of a 44% stake in French mobile phone operator SFR that belonged to U.K. mobile phone company Vodafone Group PLC (VOD.LN) and refinance existing debt.

MAIN FACTS:

- This loan will enable the company to increase its financial security and extend the maturity of its debt. The banking syndicate is made up of 15 banks.

- The loan is in three tranches: tranche A at EUR1.5 billion, maturing end 2012; tranche B at EUR1.5 billion, 3 years maturity; tranche C at EUR2.0 billion, 5 years maturity, refinancing a previous syndicated loan of the same amount maturing in April 2012.

- Once this transaction has been completed and after the acquisition of the 44% of SFR, Vivendi will be able, if necessary, to call on at least €2 billion of available credit lines.

 
 

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; inti.landauro@dowjones.com

 
 

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