Vivendi launches tender offer for $700 million 5.75% notes due 2013

By Marisa Wong

Madison, Wis., April 3 - Vivendi SA announced a cash tender offer to purchase any and all of its $700 million of 5.75% notes due April 4, 2013.

The tender offer will expire at 5 p.m. ET on April 11.

The purchase price will be determined with the 0.75% Treasury note due March 31, 2013 as the reference security and a fixed spread of 50 basis points.

The objective of the offer is to allow the company to use less expensive sources of financing. It is conditioned upon the completion of a concurrent dollar-denominated debt financing.

Bank of America Merrill Lynch and JPMorgan are the dealer managers for the tender offer. D.F. King & Co., Inc. (800 488-807, 212 269-5550 for banks and brokers or vivendi@dfking.com) is the tender and information agent.

The entertainment, broadcast and telecommunications company is based in Paris.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.