Vivendi to buy US debt after Activision sale
French group Vivendi said that it would offer to acquire up to USD2.7 billion of its US dollar-denominated debt. This was after the company had received cash payment valued USD8.2 billion for the sale of its ownership stake in videogame unit Activision Blizzard, said a report from Reuters.
Vivendi said that it would offer to acquire its USD650 million of 3.45% notes that were due by 2018. The French company said it would also offer to acquire USD700 million of 6.625% notes that were also due in same year. Furthermore, Vivendi said that it would offer to buy USD800 million of 4.75% notes that were due in 2022.
In a statement last Wednesday, Vivendi said it would redeem all of its USD550 million of 2.4% percent notes that were due by 2015.
Bank of America Merrill Lynch and Deutsche Bank Securities would be the deal managers for the debt buyout offer.
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