Vivendi SA, owner of the world's largest video-game maker, is being asked by lenders to increase the interest margin of a new credit line, according to three people with knowledge of the deal.

Banks are demanding the Paris-based company pay interest of 90 basis points on money it borrows under the five-year 1 billion-euro ($1.3 billion) facility, said the people, who didn't want to be identified because talks are private. It offered a margin of 75 basis points.

French companies are rushing to refinance as Europe's spreading sovereign crisis endangers France's top credit rating. Deals from Carrefour SA and Alstom SA last month pushed the amount of French loans to $92 billion this year, compared with $49 billion a year earlier, according to data compiled by Bloomberg.