Veolia Environnement in $200 Million Debt Tender Offer

November 28, 2012

Cleary Gottlieb represented Veolia Environnement, as purchaser, in a cash tender offer to purchase up to $200 million (subject to increase) in aggregate principal amount of its 6.00% Senior Notes due 2018. Deutsche Bank Securities acted as Dealer Manager in connection with the tender offer.

The tender offer launched on November 28 and is expected to expire on December 26 and close on December 28. Pricing will be tendered through a "modified Dutch Auction" system in which holders will bid spreads above a reference U.S. treasury security yield, and the notes to be purchased will be selected on the basis of the bids. The purpose of the tender offer is to optimize the company’s liquidity, and reduce its U.S. dollar denominated indebtedness.

Veolia Environnement is a global leader in environmental solutions, working with municipal and industrial customers to provide tailored solutions in four complementary segments: water management, waste management, energy management and passenger transportation.