By Andrea Heisinger
Omaha, April 1 - Vivendi priced $1.4 billion of notes (Baa2/BBB/BBB) in two tranches Tuesday, an informed source said.
The $700 million of 5.75% five-year notes priced at 99.397 to yield 5.891% with a spread of Treasuries plus 325 basis points.
The $700 million of 6.625% 10-year notes priced at 99.675 to yield 6.67% with a spread of Treasuries plus 312.5 bps.
Bookrunners were Barclays Capital Inc., Banc of America Securities LLC and Citigroup Global Markets Inc.
Proceeds will be used to help fund the acquisitions of Activision and Neuf Cegetel.
The entertainment company is based in Paris.
| Issuer: | Vivendi
|
| Issue: | Notes
|
| Amount: | $1.4 billion
|
| Bookrunners: | Barclays Capital Inc., Banc of America Securities LLC, Citigroup Global Markets Inc.
|
| Trade date: | April 1
|
| Settlement date: | April 4
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
|
|
| Five-year tranche
|
| Amount: | $700 million
|
| Maturity: | April 4, 2013
|
| Coupon: | 5.75%
|
| Price: | 99.397
|
| Yield: | 5.891%
|
| Spread: | Treasuries plus 325 bps
|
|
|
| Ten-year tranche
|
| Amount: | $700 million
|
| Maturity: | April 4, 2018 |
|
| Coupon: | 6.625%
|
| Price: | 99.675
|
| Yield: | 6.67%
|
| Spread: | Treasuries plus 312.5 bps
|
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