informa
1 MIN READ
News

Four More Banks Back Vivendi Loan

Four additional lenders - Bank of America, Barclays, Credit Mutuel-CIC and Natixis - will reportedly back the 3.5 billion euro ($5.12 billion) loan secured by Vivendi for its purchase of both Activision and French telecom provider Neuf Cegetel.
Four additional lenders will back the 3.5 billion euro ($5.12 billion) loan secured by Vivendi for its purchase of both Activision and French telecom provider Neuf Cegetel. Citing a banking source, Reuters reported that mandated lead arrangers Bank of America, Barclays, Credit Mutuel-CIC and Natixis will join Societe Generale, HSBC, Royal Bank of Scotland and Fortis Bank, who have underwritten the loan. When recently announcing the prior underwriting, Vivendi revealed that 1.5 billion euros ($2.2 billion) of the loan will be in the form of a "bridging loan" that will be repaid when the Neuf Cegetel acquisition is complete. Another 2 billion euros ($2.93 billion) will come by way of a "revolver" facility that will be paid to Vivendi in parts, 1 billion over 3 years, and another over 5. According to Reuters, the loan will be syndicated to a wider group of banks shortly.

Latest Jobs

Manticore Games

San Mateo, California
8.23.22
Senior Software Engineer - Mobile

Sony PlayStation

San Diego, California
6.23.22
Sr. Online Programmer

The Walt Disney Company

Glendale, California
8.1.22
Associate Marketing Manager - Walt Disney Games

Insomniac Games

Burbank, California
8.26.22
Accessibility Design Researcher
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more