203
Annual Report -
2013
-
Vivendi
Financial Report
| Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
4
SECTION 7 - Other Disclaimers
5.4.
Changes in financings
Financings put into place
On March 28, 2013, Vivendi completed the early refinancing of a
€1.5 billion bank credit facility maturing in May 2014 by entering
into a new bank credit facility for the same amount with a five-year
maturity.
On July 9, 2013, Vivendi issued a €750 million bond, maturing in
January 2019, with a 2.375% coupon, and an effective rate of
2.51%. This transaction enabled the refinancing of the bond issued
in January 2009, with a 7.75% coupon redeemed in January 2014.
Redemptions
72% redemption of three US dollar-denominated bonds, following
a tender offer, in October 2013:
–– $459 million redeemed on the $700 million bond, maturing
in April 2018;
–– $541 million redeemed on the $800 million bond, maturing
in April 2022; and
–– $555 million redeemed on the $650 million bond, maturing
in January 2018.
Early full redemption of one US dollar-denominated bond
and two euro-denominated bonds, in November 2013:
–– $550 million, maturing in April 2015;
–– €500 million, maturing in November 2015; and
–– €1,000 million, maturing in July 2015.
Redemption in October 2013, upon its contractual maturity, of a
€700 million bond, refinanced in December 2012, by a bond for the
same amount, maturing in January 2020; and
Cancellation of SFR’s €1.2 billion bank credit facility in October 2013.
For a detailed analysis of the bonds and bank credit facilities as of
December 31, 2013 (please refer to Note 23 to the Consolidated
Financial Statements for the year ended December 31, 2013).
SECTION 6
Forward looking statements
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Cautionary note
This Financial Report contains forward-looking statements with
respect to Vivendi’s financial condition, results of operations, business,
strategy, plans, and outlook of Vivendi, including the impact of certain
transactions. Although Vivendi believes that such forward-looking
statements are based on reasonable assumptions, such statements
are not guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a
number of risks and uncertainties, many of which are outside Vivendi’s
control, including, but not limited to, the risks related to antitrust
and other regulatory approvals as well as any other approvals which
may be required in connection with certain transactions and the risks
described in the documents of the group filed with the
Autorité des
marchés financiers
(AMF) (the French securities regulator), which
are also available in English on Vivendi’s website (
cordingly, we caution you against relying on forward looking
statements. These forward-looking statements are made as of the date
of this Financial Report. Vivendi disclaims any intention or obligation to
provide, update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
SECTION 7
Other Disclaimers
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Unsponsored ADRs
Vivendi does not sponsor an American Depositary Receipt (ADR) facility
in respect of its shares. Any ADR facility currently in existence is
“unsponsored” and has no ties whatsoever to Vivendi. Vivendi disclaims
any liability in respect of any such facility.
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Translation
This Financial Report is an English translation of the French version
of the report and is provided for informational purposes only. This
translation is qualified in its entirety by the French version, which is
available on the company’s website
the event of
any inconsistencies between the French version of this Financial Report
and the English translation, the French version will prevail.
