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Vivendi Universal buys time with loan lifeline

Financial pressure on Vivendi Universal, the group that controls Universal Pictures, Canal Plus and StudioCanal, is set to ease following a new agreement with banks and progress on asset sales.The group has brokered a new Euros3bn medium term credit line from a consortium including ABN Amro, BNP Paribas, CDC Ixis, Citigroup, Credit Agricole Indosuez, Credit Lyonnais, Credit Suisse First Boston, Natexis Banques Populaires, Royal Bank of Scotland, Societe Generale and Sumitomo ...

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