Vivendi in Negotiation of New €1.5 Billion Credit Facility Agreement

May 25, 2012

Cleary Gottlieb assisted Vivendi in the negotiation of a new €1.5 billion revolving credit facility agreement with a 5-year maturity, signed on May 25.

The bank syndicate was composed of 15 banks: ANZ Bank, Bank of America, The Bank of Tokyo-Mitsubishi UFJ, Barclays Bank, BNP Paribas, Citibank International, Crédit Agricole Corporate and Investment Bank, Crédit Mutuel CIC (acting through Banque Fédérative du Crédit Mutuel & Crédit Industriel et Commercial), HSBC, JPMorgan Chase, Lloyds TSB, Mizuho Corporate Bank, Natixis, The Royal Bank of Scotland, and Société Générale.

This new facility refinances two existing credit lines totaling €2.7 billion, which were maturing within the next 15 months and will also enable Vivendi to maintain its average debt maturity at more than four years.