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Vivendi to Raise $1.4 Billion in New Bond Issue

Posted Wed, Apr 02, 2008 by Aelryn

That's a lot of cash.

Vivendi is busy raising money, according to this press release from GamesIndustry.biz.

Vivendi has announced that it plans to raise around USD 1.4 billion in a US bond issue, in order to help finance its acquisitions of fellow publisher Activision and French telecoms company Neuf Cegetel.

According to a Forbes report the motives behind the bond issue revolve around a desire to rebalance the structure of its debt, which to date had revolved around bank debt, and increase the length of the average loan maturity.

Read more at GamesIndustry.biz.


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