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Activision Blizzard Inc Announces Completion Of Private Offering Of Senior Notes-Form 8-K

Thursday, 19 Sep 2013 04:43pm EDT 

Activision Blizzard Inc reported in its Form 8-K that on September 19, 2013, Activision Blizzard, Inc. (Company) completed its previously announced private offering of $1.500 billion aggregate principal amount of its 5.625% Senior Notes due 2021 and $750 million aggregate principal amount of its 6.125% Senior Notes due 2023. The Notes are the general senior obligations of the Company and are fully and unconditionally guaranteed on a senior basis by certain of the Company’s U.S. subsidiaries. The Notes and related guarantees will not be secured. In connection with the issuance of the Notes, the Company entered into an escrow agreement with Wells Fargo Bank, National Association, as escrow agent and as trustee under the Indenture. The proceeds of the offering were deposited, pursuant to the Escrow Agreement, into a segregated account pending completion of the transactions contemplated by the stock purchase agreement entered into on July 25, 2013, among the Company, Vivendi S.A., a société anonyme organized under the laws of France, and ASAC II LP, an exempted limited partnership established under the laws of the Cayman Islands and acting by ASAC II LLC, its general partner, which is terminable by the parties on or after October 15, 2013 if the Transactions have not closed by such date.