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Editis to offer €150 of bonds for acquisition financing
By Paul A. Harris
St. Louis, Aug. 19 - Editis, formerly Vivendi Universal Publishing, is expected to come to market with a €150 million bond offering during the third quarter, according to market sources.
BNP Paribas, Credit Suisse First Boston and Lehman Brothers will take part in underwriting the bonds, according to one source.
Tenor and structure on the offering are yet to be determined.
Proceeds will be used to support Wendel Investissement's acquisition of certain Lagardere publishing assets, which represent about half of the Vivendi Universal Publishing assets acquired by Lagardere. The Lagardere transaction received regulatory approval earlier this month.
Paris-based Editis specializes in publishing educational and consumer media.
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