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Published on 8/31/2022 in the Prospect News Liability Management Daily.

Former Suez seeks consents from noteholders ahead of Veolia merger

By Marisa Wong

Los Angeles, Aug. 31 – Vigie SA (formerly known as Suez SA) launched a consent solicitation on Wednesday inviting holders of 14 series of notes to consent to the company’s merger into Veolia Environnement and, for certain series of the notes only, to some amendments to their terms and conditions.

The invitation is being extended to holders of the following series:

• €500 million 2.75% notes due Oct. 9, 2023 (ISIN: FR0011585215);

• €500 million 5.5% notes due July 22, 2024 (ISIN: FR0010780528);

• €500 million 1% notes due April 3, 2025 (ISIN: FR0013248507);

• €500 million 1.75% notes due Sept. 10, 2025 (ISIN: FR0012949923);

• €250 million fixed-to-fixed rate notes due 2017 extended 2027 (ISIN: FR0010765859);

• €800 million 1.25% notes due May 19, 2028 (ISIN: FR0013173432);

• €700 million 1.5% notes due April 3, 2029 (ISIN: FR0013248523);

• €75 million fixed-rate notes due 2029 (ISIN: FR0011912575);

• €50 million 2.25% notes due July 1, 2030 (ISIN: FR0012829406);

• £250 million 5.375% notes due 2030 (ISIN: FR0011158849);

• €540 million 1.625% notes due Sept. 21, 2032 (ISIN: FR0013283140);

• €100 million 3.3% notes due March 25, 2033 (ISIN: FR0011454818);

• €600 million undated deeply subordinated fixed-rate resettable notes (ISIN: FR0013252061); and

• €500 million undated deeply subordinated fixed-rate resettable notes (ISIN: FR0013445335).

Noteholder meetings will be held on Sept. 15. The convening notice is available on Veolia’s website, https://www.veolia.com/en/Suez-Bond-Consent.

If the quorum is not met, the meeting will be adjourned to Oct. 6.

Further details on the consent solicitation can be obtained from solicitation agents BNP Paribas (+33 1 87 74 64 33, liability.management@bnpparibas.com), Citigroup Global Markets Ltd. (+44 20 7986 8969, liabilitymanagement.europe@citi.com) and MUFG Securities (Europe) NV (+33 1 70 91 42 79, liability.management@mufgsecurities.com).

Requests for documentation and information in relation to the procedures for delivering consent instructions should be directed to centralizing agent Societe Generale Securities Services (+33 2 51 85 65 93, agobligataire.fr@socgen.com, attn.: Elisabeth Bulteau).

The water treatment and waste management company is based in Paris.


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