TECHNICOLOR : TECHNICOLOR ANNOUNCES THE SUCCESSFUL ISSUANCE OF ?375 MILLION INCREMENTAL TERM LOAN MATURING 2020
(Thomson Reuters ONE) -
Technicolor announces the Successful Issuance of
?375 million Incremental Term Loan Maturing 2020
Paris (France), 7 October 2015 - Technicolor (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: (at)Technicolor - linkedin.com/company/technicolor
Technicolor shares are on the Euronext Paris exchange (TCH) and traded in the
USA on the OTCQX marketplace (OTCQX: TCLRY).
Media Contact
Sandra Carvalho: +1 323 208 2624
sandra.carvalho(at)technicolor.com
Investor Relations
Emilie Megel: +33 1 41 86 61 48
emilie.megel(at)technicolor.com
Laurent Sfaxi: +33 1 41 86 58 83
laurent.sfaxi(at)technicolor.com
PDF version:
http://hugin.info/143597/R/1957497/713193.pdf
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Source: TECHNICOLOR via GlobeNewswire
[HUG#1957497]
Unternehmensinformation / Kurzprofil:
Datum: 07.10.2015 - 18:28 Uhr
Sprache: Deutsch
News-ID 425488
Anzahl Zeichen: 3225
contact information:
Town:
Issy-les-Moulineaux Cedex
Kategorie:
Business News
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