Vivendi in Amendment and Extension to €1.5 Billion Credit Facility Agreement

November 27, 2014

Cleary Gottlieb assisted Vivendi in the negotiation of an amendment and extension agreement to the €1.5 billion syndicated revolving credit facility agreement signed on March 28, 2013.

The amendment allowed, inter alia, to increase the revolving credit facility to €2 billion and the swingline facility to €1.5 billion, to extend the maturity of the facility to a date falling 5 years following the execution of the amendment agreement on October 29, 2014 (with two one-year extension options), to allow a loan to be drawn in US Dollars and to reduce the margin and certain fees.

The amendments to the facility agreement became effective on November 27, 2014, following the sale of Vivendi’s participation in SFR and the repayment and cancellation of Vivendi’s available credit facilities.

The bank syndicate was composed of 18 banks: Bank of America Merrill Lynch International Limited, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Banque Fédérative du Crédit Mutuel, Barclays Bank PLC, BNP Paribas, Citibank International plc, Commerzbank Aktiengesellschaft, Filiale Luxembourg, Crédit Agricole Corporate and Investment Bank, Crédit Industriel et Commercial, Crédit Suisse International, Deutsche Bank Luxembourg SA, Goldman Sachs International Bank, HSBC France, Industrial and Commercial Bank of China (Europe) S.A. Paris branch, Mizuho Bank Ltd., Natixis, The Royal Bank of Scotland plc and Société Générale.