Veolia Environnement announces the success of its partial buyback program in
the Company’s USD and Euro-denominated bonds
PARIS -- December 13, 2012
Veolia Environnement (Paris:VIE) announces the partial buyback of its bonds
for an aggregate amount of US$203 million in its US Dollar-denominated bonds
maturing in 2015 and 2018, and €597 million in its Euro-denominated bonds
maturing in 2016 and 2017.
These buyback transactions focused on:
*a private placement within the EMTN program at 4.685%, maturing in 2015
for US$50 million
*the 6% USD-denominated notes maturing in 2018 for US$153 million^1
*the EMTN bond issue at 4%, maturing in 2016 for €341 million
*the EMTN bond issue at 4.375%, maturing in 2017 for €256 million.
These transactions form part of Veolia Environnement’s strategy to actively
manage its debt and optimize its cost of financing by reducing the cost of
carrying cash, following the divestitures made in 2012.
They have reduced bond maturities in 2015, 2016, 2017 and 2018 by the nominal
equivalent of €750 million.
Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the worldwide
reference in environmental solutions. With more than 330,000 employees the
company has operations all around the world and provides tailored solutions to
meet the needs of municipal and industrial customers in four complementary
segments: water management, waste management, energy management and passenger
transportation. Veolia Environnement recorded revenue of €29.6 billion* in
* Excluding VeoliaTransdev revenues currently under divestment
Veolia Environnement is a corporation listed on the NYSE and Euronext Paris.
This press release contains “forward-looking statements” within the meaning of
the provisions of the U.S. Private Securities Litigation Reform Act of 1995.
These statements are based on management’s current expectations or beliefs and
are subject to a number of factors and uncertainties that could cause actual
results to differ materially from those described in the forward-looking
statements. These factors and uncertainties in particular include risks
related to customary provisions of divesture transactions and those described
in the documents Veolia Environnement has filed with the U.S. Securities and
Exchange Commission. Veolia Environnement does not undertake, nor does it
have, any obligation to provide updates or to revise any forward-looking
statements. Investors and security holders may obtain a free copy of documents
filed by Veolia Environnement with the U.S. Securities and Exchange Commission
from Veolia Environnement.
Press release also available on our web site: http://www.finance.veolia.com
^1 Amount tendered by the bondholders at the end of the so-called “early bird”
period. The offer will formally terminate on December 26, 2012.
Analyst and institutional investor contact:
Ronald Wasylec, +33 1 71 75 12 23
US Investors contact
Terri Anne Powers, +1-312-552-2890
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