Vivendi: UMG BV Secures Financing
27 March 2021 - 5:12AM
Dow Jones News
Regulatory News:
Vivendi (Paris:VIV) is pleased that Universal Music Group (UMG)
reached an agreement regarding a five-year, EUR3 billion financing
line with four leading banks. The syndication of this financing
among a pool of banks is expected to be completed by the end of
April 2021. UMG BV, based in the Netherlands, regroups the
subsidiaries in the different countries where UMG operates.
In addition, Vivendi, which has significant deposits with banks
at negative interest rates, has decided to early redeem in full its
outstanding EUR1 billion bonds issued in May 2016, bearing an
annual coupon of 0.75% and maturing on May 26, 2021. This early
redemption will take place as of April 26, 2021. The holders of the
bonds will receive formal notice of the early redemption in
accordance with the terms and conditions of the bonds.
About Vivendi
Since 2014, Vivendi has been focused on building a world-class
content, media and communications group. In content creation,
Vivendi owns powerful, complementary assets in music (Universal
Music Group), movies and series (Canal+ Group), publishing (Editis)
and video games (Gameloft) which are the most popular forms of
entertainment content in the world today. In the distribution
market, Vivendi has acquired the Dailymotion platform and
repositioned it to create a new digital showcase for its content.
The Group has also joined forces with several telecom operators and
platforms to maximize the reach of its distribution networks. In
communications, through Havas, the Group possesses unique creative
expertise in promoting free content and producing short formats,
which are increasingly viewed on mobile devices. In addition,
through Vivendi Village, the Group explores new commercial
activities in live entertainment, franchises and ticketing that are
complementary to its core activities. Vivendi's various businesses
cohesively work together as an integrated industrial group to
create greater value. www.vivendi.com
Important Disclaimers
This press release does not constitute an offer to purchase or
the solicitation of an offer to sell securities in the United
States or any other jurisdiction. The distribution of this press
release in certain jurisdictions may be restricted by law. No
document regarding this redemption should be transmitted, directly
or indirectly, in the United States or in any other country in
which such a redemption would be illegal or submitted to
restrictions or to anyone residing in these countries. Persons into
whose possession this announcement comes are required to inform
themselves about, and to observe, any such restrictions.
No communication or information relating to the redemption of
the Bonds may be distributed to the public in a country where a
registration obligation or an approval is required. No action has
been or will be taken in any country where such action would be
required. The redemption of the Bonds may be subject to specific
legal and regulatory restrictions in certain jurisdictions; Vivendi
accepts no liability in connection with a breach by any person of
such restrictions.
This press release is an advertisement; and none of this press
release, any notice or any other document or material made public
and/or delivered, or which may be made public and/or delivered to
the holders of the Bonds in connection with the redemption is or is
intended to be a prospectus for the purposes of Regulation (EU)
2017/1129 of the European Parliament and of the Council dated 14
June 2017 (as amended, the "Prospectus Regulation"). No prospectus
will be published in connection with the redemption of the Bonds
for the purposes of the Prospectus Regulation.
This press release does not, and shall not, in any
circumstances, constitute an offer to the public of securities by
Vivendi nor an invitation to the public in connection with any
offer in any jurisdiction, including France.
Cautionary Note Regarding Forward-Looking Statements. This press
release contains forward-looking statements with respect to
Vivendi's financial condition, results of operations, business,
strategy, plans and outlook, including the impact of certain
transactions and the payment of dividends and distributions, as
well as share repurchases. 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
related to antitrust and other regulatory approvals as well as any
other approvals which may be required in connection with certain
transactions and the risks described in the documents of the Group
filed by Vivendi with the Autorité des Marchés Financiers (the
French securities regulator), which are also available in English
on Vivendi's website (www.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. Accordingly, we caution readers against
relying on such forward-looking statements. These forward-looking
statements are made as of the date of this press release. 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 any such facility.
View source version on businesswire.com:
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CONTACT:
Vivendi
SOURCE: Vivendi
Copyright Business Wire 2021
(END) Dow Jones Newswires
March 26, 2021 13:57 ET (17:57 GMT)
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