Veolia tenders for $200 million of $700 million 6% notes due 2018

By Jennifer Chiou

New York, Nov. 28 - Veolia Environnement SA announced the start of its cash tender offer for up to $200 million of its $700 million of outstanding 6% senior notes due 2018.

According to a news release, the company will determine pricing using the 0.75% Treasury due Oct. 31, 2017, and the acceptable bid spread range is 165 basis points to 215 bps.

Those who tender prior to 5 p.m. ET on Dec. 11 will receive the $30.00 early participation amount per $1,000 principal amount of notes.

Veolia will also pay accrued interest.

The offer will end at 11:59 p.m. ET on Dec. 26. Settlement is earmarked for Dec. 28.

Deutsche Bank Securities Inc. is the dealer manager (855 287-1922, 212 250-7527 or 44 20754 58011). Global Bondholder Services Corp. is the information agent and depositary (866 873-5600 or 212 430-3774).

The environmental services provider is based in Paris.

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