Technicolor Announces The Successful Issuance Of €375 Million Incremental Term Loan Maturing 2020

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October 07, 2015
Technicolor today announces that it has successfully completed the syndication of a c.€375 million equivalent aggregate principal amount incremental term loan (the "Incremental Term Loan") launched in mid-September.

Paris (France), 7 October 2015Technicolor (Euronext Paris: TCH, OTCQX: TCLRY) today announces that it has successfully completed the syndication of a c.€375 million equivalent aggregate principal amount incremental term loan (the "Incremental Term Loan") launched in mid-September.

Technicolor has successfully issued $200 million and €197 million of incremental senior secured term loans issued by Tech Finance & Co. S.C.A. maturing in 2020, priced in line with existing loans at Libor / Euribor + 400bps, subject to a 1% Libor / Euribor floor.

The Incremental Term Loan, in combination with the capital increase with preferential subscription rights announced on 15 September 2015 and cash on hand, should allow Technicolor to finance the acquisitions of Cisco Connected Devices and The Mill, while maintaining a healthy balance sheet and appropriate financial flexibility for future growth.

The Incremental Term Loan was led by Goldman Sachs International as Sole Lead Arranger and Bookrunner.

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About Technicolor

Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies, based on a thriving licensing business. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go.

www.technicolor.com – Follow us: @Technicolorlinkedin.com/company/technicolor

Technicolor shares are on the Euronext Paris exchange (TCH) and traded in the USA on the OTCQX marketplace (OTCQX: TCLRY).

 

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