13.12.2013 18:38:00
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Veolia Environnement Announces Final Results for its Euro-Denominated Debt Tender Offer
Regulatory News:
Veolia Environnement (Paris:VIE) (the "Company”) today announces the final results for its euro-denominated cash tender offer (the "Offer”) for its Euro-Denominated Notes due 2014, 2016, 2017, 2018, 2020 and 2022 (the "Notes”).
Final Results of the Offer:
The Offer expired at 4:00 p.m., Paris time, on December 12, 2013. The Company received tenders for €388,882,000 aggregate principal amount of the Notes, broken down as follows:
- €25,177,000 for the 5.25% EMTN Notes due 2014,
- €33,403,000 for the 4% EMTN Notes due 2016,
- €41,973,000 for the 4.375% EMTN Notes due 2017,
- €19,243,000 for the 5.375% EMTN Notes due 2018,
- €59,874,000 for the 4.375% EMTN Notes due 2020, and
- €209,212,000 for the 5.125% EMTN Notes due 2022.
All Notes due 2014, 2016, 2017, 2018 and 2020 have been accepted for purchase by the Company pursuant to the terms of the Offer. Concerning the Notes due 2022, the Company has accepted a principal amount of €149,930,000 for purchase. Payment for Notes tendered and accepted for purchase is expected to be made on December 17, 2013.
Holders whose Notes have been accepted for purchase will receive a cash payment representing the purchase price plus accrued and unpaid interest on those Notes from the last interest payment date to, but not including, December 17, 2013.
The purpose of this transaction is to actively manage the Company’s debt and optimize its financing costs. The transaction will allow Veolia Environnement to reduce its gross debt and thereby limit its cost of carrying cash and cash equivalents.
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Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the worldwide reference in environmental solutions. With 220,000 employees*, the company has operations all around the world and provides tailored solutions to meet the needs of municipal and industrial customers in three complementary segments: water management, waste management and energy management. Veolia Environnement recorded revenue of €29.4 billion* in 2012.
(*) Excluding VeoliaTransdev employees and revenues currently under divestment (and before implementation of IFRS 10-11-12)
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