VEOLIA ENVIRON. : Veolia Environnement Announces the Partial Buyback of Its 2013 Bond Issues
12/22/2011 | 03:30am
Regulatory News:
Veolia Environnement (Paris:VIE) has announced the partial buyback of
USD210 million of its US-dollar 5.25% issue that matures in June 2013
and of EUR56 million of its Euro 4.875% issue that matures in May 2013.
These buybacks will bring the remaining outstanding amounts of these
issues to USD490 million and EUR500 million, respectively.
The purpose of these buybacks, carried out in the secondary market, is
to optimize Veolia Environnement's financing cost, thus reducing the
carrying cost of its available cash and cash equivalents. It will be
recalled that at June 30, 2011, Veolia Environnement's gross liquidity
amounted to ?10 billion, of which ?6 billion was cash and cash
equivalents.
These operations, combined with the liability management operation
carried out in 2010, have led to an overall reduction of the company's
2012 and 2013 maturities of about ?1 billion equivalent. They have
allowed the company to optimize its debt structure by anticipating the
refinancing of bonds reaching maturity.
Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the
worldwide reference in environmental solutions. With more than 315,000
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 ?34.8 billion in 2010. www.veolia.com
Important Disclaimer
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, including the risks
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.
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Press release also available on our web site: http://www.finance.veolia.com
Veolia Environnement
Analyst and institutional investor
contact:
Ronald Wasylec
+33 1 71 75 12 23
or
US
Investors contact:
Terri Anne Powers
Tel +1 312-552-2890
© Business Wire 2011
