Bertelsmann Successfully Closes Syndicated Credit Facility

Bertelsmann, the international media company, successfully closed the syndication of its EURO 1.2 billion Multicurrency Revolving Credit Facility. The single-tranche deal has a maturity of five years, which may be extended by two additional years with the consent of the lenders.

The new facility substitutes the currently undrawn EURO 1.5 billion Syndicated Credit Facility signed in 2002. The new transaction improves the maturity profile of Bertelsmann's undrawn credit facilities and takes advantage of the currently favorable market conditions with tighter pricing.

The facility, intended for general corporate purposes, was arranged by Barclays Capital, BNP Paribas, Citigroup Global Markets Limited and Commerzbank Aktiengesellschaft as Bookrunners and Mandated Lead Arrangers. The syndicate is comprised of leading financial institutions with varying business and geographical focuses.

Syndication was targeted only at core relationship banks of the group. All invited institutions committed to the Facility. Bertelsmann views the successful outcome of the syndication as a sign of the company's good reputation in the credit market and as an affirmation of its current banking policy.

Journalists please contact:
Bertelsmann AG
Oliver Herrgesell
Senior Vice President Media Relations
Phone: 49 - 52 41 - 80 - 24 66
oliver.herrgesell@bertelsmann.com

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