Book size: 890; Registration: Reg S Only; Comments: MWC: OAT+25. CoC: 100%. Clean-Up Call: 75%. 220.0bps vs DBR 1.7% 08/15/32 (@92.02 / 3.199%) HR: 99%. LEI: 969500VX2NV2AQQ65G45;

General corporate purposes, including to refinance part of (i) the second term-loan tranche of its existing credit agreement dated June 2024 (with an outstanding principal amount of €525,000,000 as at the date of this Prospectus) to which the Managers or their affiliates are parties and (ii) its existing shareholder loan from Vivendi SE dated 12 December 2023 (with an outstanding principal amount of €450,000,000 as at the date of this Prospectus)