French telecoms and media group Vivendi is in talks to raise over E4bn worth of loans to fund the acquisition of mobile operator SFR, Bloomberg reports quoting three people familiar with the situation.
The loans to be raised would reportedly have 18…
French telecoms and media group Vivendi is in talks to raise over E4bn worth of loans to fund the acquisition of mobile operator SFR, Bloomberg reports quoting three people familiar with the situation.
The loans to be raised would reportedly have 18 months, three years and five years maturities.
Earlier this month, the company agreed to buy the 44% stake it did not own in SFR from Vodafone for E7.95bn.
When announcing the transaction, Vivendi said it had E3.2bn in cash and E5.9bn of undrawn credit lines.
Vivendi forecasts a net debt of around E13.5bn at the end of 2011.
A spokesperson at Vivendi declined to comment.
