VIVHY Vivendi SE (PK)

11.95

-0.05 (-0.42%)

Last Updated: 18:16:26

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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
	-0.05	-0.42%	11.95	11.94	11.96	12.002	11.94	12.00	4,595	18:16:26

Vivendi: Signs EUR5 Billion Loan With 17 Banks

16/05/2011 5:50pm

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French entertainment-to-telecoms conglomerate Vivendi (VIV.FR) Monday said it has signed a new bank loan for EUR5 billion.

MAIN FACTS:

- Vivendi said is has "finalized and signed a new bank loan with 17 banks for a total amount of EUR5 billion."

- "This loan facility," it said, "will enable the company to optimize the management of its debt at the time of the 44% stake acquisition in SFR," its telecoms unit.

- "After this transaction, the dividend payment and the acquisition of the 44% stake in SFR, Vivendi could, at any time, call on at least EUR2 billion of undrawn credit lines. The average maturity of the company's debt will grow from 4 to 4.5 years," the company added.

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- By Paris Bureau, Dow Jones Newswires; +331-4017-1756; adam.mitchell@dowjones.com