French entertainment-to-telecoms conglomerate Vivendi (VIV.FR) Monday said it has signed a new bank loan for EUR5 billion.

MAIN FACTS:

- Vivendi said is has "finalized and signed a new bank loan with 17 banks for a total amount of EUR5 billion."

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- "This loan facility," it said, "will enable the company to optimize the management of its debt at the time of the 44% stake acquisition in SFR," its telecoms unit.

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- "After this transaction, the dividend payment and the acquisition of the 44% stake in SFR, Vivendi could, at any time, call on at least EUR2 billion of undrawn credit lines. The average maturity of the company's debt will grow from 4 to 4.5 years," the company added.

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- By Paris Bureau, Dow Jones Newswires; +331-4017-1756; adam.mitchell@dowjones.com

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