Veolia Environnement announces final results for the tender offer

20 november 2014
Veolia Environnement (the “Company”) today announces the final results for its cash tender offer (the “Tender Offer”) on its Euro-denominated notes due 2016, 2017 and 2019 (the “Notes”).

Final Results of the Tender Offer:

The Tender Offer expired at 4:00 p.m., Paris time, on 19 November 2014. The Company received tenders for €340,867,000 aggregate principal amount of the Notes and, as a consequence, decided to increase the Final Targeted Tender Amount to €224,996,000 pursuant to the terms of the Tender Offer, broken down as follows:
  • EMTN Notes due 2016
    Final aggregate principal amount accepted: €40,000,000
    Tender Pro-Rating Factor: 0.717714
  • EMTN Notes due 2017
    Final aggregate principal amount accepted: €9,996,000
    Tender Pro-Rating Factor: 0.303333
  • EMTN Notes due 2019
    Final aggregate principal amount accepted: €175,000,000
    Tender Pro-Rating Factor: 0.694572

Payment for Notes tendered and accepted for purchase is expected to be made on 24 November 2014.

Holders whose Notes have been accepted for purchase will receive a cash payment representing the purchase price plus accrued and unpaid interest on those Notes from the last interest payment date to, but not including, 24 November 2014.

The purpose of this transaction is to actively manage the Company’s debt and optimize its financing costs. The transaction will allow the Company to reduce its gross debt and thereby limit its cost of carrying cash and cash equivalents.

Veolia group is the global leader in optimized resource management. With over 187,000 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. Veolia Water Technologies specializes in technological solutions and design and build projects for water and wastewater treatment, serving industrial and municipal clients.

In 2013, Veolia group supplied 94 million people with drinking water and 62 million people with wastewater service, produced 54 million megawatt hours of energy and converted 38 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE and NYSE: VE) recorded consolidated revenue of €23.4 billion* in 2013.

(*) 2013 pro-forma unaudited figures, including Dalkia International (100%) and excluding Dalkia France. Excluding Transdev employees and revenue currently under divestment.



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