07.10.2015 18:28:10
|
TECHNICOLOR : TECHNICOLOR ANNOUNCES THE SUCCESSFUL ISSUANCE OF €375 MILLION INCREMENTAL TERM LOAN MATURING 2020
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.
###
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: @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@technicolor.com
Investor Relations
Emilie Megel: +33 1 41 86 61 48
Laurent Sfaxi: +33 1 41 86 58 83
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: TECHNICOLOR via Globenewswire
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Technicolor Prov. de Regroupementmehr Nachrichten
Keine Nachrichten verfügbar. |