on VIVENDI (EPA:VIV)
Vivendi Announces Full Redemption of EUR 500 Million Notes
Vivendi SE has announced its decision to redeem in full its EUR 500 million aggregate principal amount of 1.875% notes due on 26 May 2026. The company has elected to use its make-whole redemption option, with the redemption date set for 13 December 2024.
This redemption is subject to the adoption of resolutions at the Combined General Shareholders’ Meeting on 9 December 2024, concerning a proposed spin-off of Vivendi's group. If the meeting is canceled or not held, the redemption will not occur.
The Optional Redemption Amount will be determined by the Calculation Agent and paid in euros via BNP Paribas Securities Services. The redeemed notes will be canceled, and an application for delisting from Euronext will follow.
The outcome of the shareholders' meeting will be disclosed by Vivendi through a press release and on its website.
R. E.
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