Vivendi Issues a €600 Million Bond
November 17 2016 - 12:20PM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) announced today that it successfully placed
a € 600 million bond, wanting to benefit from the still favorable
market conditions in a more volatile environment.
This euro-denominated bond is fixed-rate, with a duration of 7
years and a coupon of 1.125%, and was issued at a price of 99.799%,
corresponding to a yield of 1.155%. It allows Vivendi to extend the
average maturity of its bond debt to 4.5 years.
Reflecting the markets' confidence in Vivendi, the bond was
oversubscribed 1.9 times and was placed with institutional
investors.
The issuance of this new bond strengthens the Group in its
capacity to be a world leader in media and content by giving it
even greater flexibility.
About Vivendi
Vivendi is an integrated media and content group. The company
operates businesses throughout the media value chain, from talent
discovery to the creation, production and distribution of content.
The main subsidiaries of Vivendi comprise Canal+ Group and
Universal Music Group. Canal+ Group is the leading pay-TV operator
in France, and also serves markets in Africa, Poland and Vietnam.
Canal+ Group operations also include Studiocanal, a leading
European player in production, sales and distribution of film and
TV series. Universal Music Group is the world leader in recorded
music, music publishing and merchandising, with more than 50 labels
covering all genres. A separate division, Vivendi Village, brings
together Vivendi Ticketing (ticketing in the UK, the U.S and
France), MyBestPro (experts counseling), Watchever (subscription
video-on-demand), Radionomy (digital radio), Olympia Production,
the L’Olympia and the Theâtre de L‘Oeuvre venues in Paris and the
CanalOlympia venues in Africa. With 3.5 billion videos viewed each
month, Dailymotion is one of the biggest video content aggregation
and distribution platforms in the world. Gameloft is a worldwide
leading video games on mobile, with 2 million games downloaded per
day.
www.vivendi.com, www.cultureswithvivendi.com
Important disclaimer
Disclaimer Forward Looking Statements. This press release
contains forward-looking statements with respect to Vivendi`s
financial condition, results of operations, business, strategy and
plans. Although Vivendi believes that such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a
number of risks and uncertainties, many of which are outside our
control, including but not limited to the risks described in the
documents Vivendi has filed with the Autorité des Marchés
Financiers (French securities regulator) and which are also
available in English on our web site vivendi.com. Investors and
security holders may obtain a free copy of documents filed by
Vivendi with the Autorité des Marchés Financiers at
www.amf-france.org, or directly from Vivendi. The present
forward-looking statements are made as of the date of this press
release and Vivendi disclaims any intention or obligation to
provide, update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Unsponsored ADRs. Vivendi does not sponsor an American
Depositary Receipt (ADR) facility in respect of its shares. Any ADR
facility currently in existence is “unsponsored” and has no ties
whatsoever to Vivendi. Vivendi disclaims any liability in respect
of such facility.
The bond will be listed on the Euronext Paris market.
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