Activision Blizzard, Inc. (the “Company”) announced the completion of the syndication of a seven-year secured term loan credit facility totaling $2.5 billion (“Term Loan B”). The Company expects to also secure a revolving credit facility of $250 million. The closing of the Term Loan B and the revolving credit facility are subject to customary closing conditions.

The borrowings under the Term Loan B, along with the proceeds from the issuance of the recently priced $2.25 billion aggregate principal amount of senior unsecured notes, are expected to total $4.75 billion. The weighted average interest rate for all such indebtedness is expected to be less than 5%. The Term Loan B will be secured by certain of the Company’s assets.

The Company intends to use the net proceeds of the Term Loan B, along with cash on hand and proceeds from the notes offering to: (i) finance the consideration to be paid by the Company to Vivendi S.A., a société anonyme organized under the laws of France (and together with its affiliates, “Vivendi”) in connection with the transactions contemplated by the stock purchase agreement entered into on July 25, 2013 among the Company, Vivendi 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 (the “Transactions”); and (ii) pay the Company’s fees and expenses incurred in connection with the Transactions.

Activision Blizzard, Inc. is the world’s largest and most profitable independent interactive entertainment publishing company. It develops and publishes some of the most successful and beloved entertainment franchises in any medium, including Call of Duty®, Skylanders®, World of Warcraft®, StarCraft® and Diablo®. Headquartered in Santa Monica California, it maintains operations throughout the United States, Europe, and Asia. Activision Blizzard, Inc. develops and publishes games on all leading interactive platforms and its games are available in most countries around the world.