Veolia: Successful Refinancing of Multicurrency Revolving Credit Facility

Regulatory News:

Veolia (Paris:VIE) successfully signed a multicurrency Revolving Credit Facility for €3 billion. This Multicurrency Revolving Credit Facility refinances the Group’s main syndicated back-up facilities which were signed in 2011.

The initial refinancing objective was for €2.5 billion, but the strong oversubscription rate gave the Group the opportunity to increase the overall size to €3 billion, demonstrating strong market confidence in the Group and its creditworthiness. As the number of participating banks was reduced, the average level of commitment was larger than in the previous facilities.

Veolia took advantage of attractive market conditions to benefit from a historically low initial margin. As a result of this refinancing, this facility, which expires in November 2020 (and can be extended to 2022), materially improves the liquidity profile of the Group, and brings additional flexibility through the possibility to borrow in several currencies, such as EUR, USD, GBP, Eastern Europe currencies or Renminbi.

...

Veolia group is the global leader in optimized resource management. With over 179,000 employees* worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them.
In 2014, the Veolia group supplied 96 million people with drinking water and 60 million people with wastewater service, produced 52 million megawatt hours of energy and converted 31 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE) recorded consolidated revenue of €24.4 billion* in 2014. www.veolia.com
(*) 2014 pro-forma figures, including Dalkia International (100%) and excluding Dalkia France.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151105006636/en/