Bertelsmann Mandates Group of Banks for EUR 4.5 billion Financing

The international media company, Bertelsmann, has mandated Barclays Capital, BNP Paribas, Deutsche Bank AG and The Royal Bank of Scotland plc as Mandated Lead Arrangers, Underwriters and Bookrunners to arrange a €4.5 billion Credit Facility to be made available to Bertelsmann AG.

The facility will be used to finance the buyback of Bertelsmann AG shares held by Groupe Bruxelles Lambert (GBL) for a purchase price of €4.5 billion. The buyback of the shares was recently agreed between Bertelsmann Verwaltungsgesellschaft (BVG), the Mohn familiy, the Bertelsmann Foundation, GBL and the Executive Board of Bertelsmann AG.

The Facility will be in two tranches one of which will be syndicated to a group of core banks in the near future. A significant part of the Loan will be repaid over the next 12 to 18 months by retained cash flows from operations as well as by expected proceeds from the divestiture of BMG Music Publishing.

For further questions, please contact:

Andreas Grafemeyer

Senior Vice President Media Relations

Phone: +49 – 5241 – 80 24 66

andreas.grafemeyer@bertelsmann.de

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Finanzierung_e.pdf	59 kB