Vivendi Universal price talk 6 1/4-6 ½% on €1.1 billion equivalent five-year notes pricing Wednesday

By Paul A. Harris

St. Louis, July 1 - The price talk is 6 1/4-6 ½% on Vivendi Universal €1.1 billion (equivalent) of senior notes (B1/B+) in dollar and euro tranches, according to an informed source who added that the deal is expected to price on Wednesday.

Goldman Sachs is the bookrunner on the Rule 144A/Regulation S offering.

Proceeds will be used to refinance the euro $1.3 billion credit facility entered into in Jan. 2003 by Societe d'Investissement pour la Telephonie (SIT), a wholly-owned and consolidated subsidiary of Vivendi Universal.

The prospective issuer is an entertainment company headquartered in France.

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