Veolia Environnement in Debt Tender Offer

June 12, 2013

Cleary Gottlieb represented Citigroup Global Markets Limited as Dealer Manager in a cash tender offer by Veolia Environnement to purchase any and all of its 6.00% Senior Notes due 2018. Pricing was determined based on the yield to maturity of a U.S. Treasury reference security plus a fixed spread of 115 basis points. The purpose of the offer was to optimize the use of Veolia Environnement’s cash and cash equivalents realized from recent divestitures, and to reduce its U.S. dollar indebtedness. The tender offer launched on May 29, expired on June 6 and closed on June 12.

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