Vivendi to call €1 billion 3.5% notes and €500 million 3.875% notes

By Susanna Moon

Chicago, Oct. 25 - Vivendi said it plans to call its €1 billion 3.5% notes due July 2015 and €500 million 3.875% notes due November 2015.

The notes will be redeemed on Nov. 11.

The company will use cash on hand to exercise its prepayment options on the notes, "in line with its dynamic debt management strategy," according to a company press release.

The issuer is a Paris entertainment company.

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