multilang-release
PRESS RELEASE
AGREEMENT IN PRINCIPLE ON FINANCIAL RESTRUCTURING PLAN
420 MILLION NEW FINANCING AND DELEVERAGING THROUGH 660 MILLION DEBT EQUITIZATION
OPENING OF AN ACCELERATED FINANCIAL SAFEGUARD PROCEDURE
Paris (France), 22 June2020 Technicolor (EuronextParis: TCH; OTCQX: TCLRY) (the Company) announces today that it has reached an agreement in principle on a financial restructuring plan (the Agreement In Principle), which meets the Companys objectives of (i) obtaining a new financing in an amount of 420 million, addressing the liquidity needs of the Group and (ii) deleveraging the Companys balance sheet, through the equitization of up to 660 million of its Term Loan B…
Read the full article at: https://www.globenewswire.com/news-release/2020/06/22/2051393/0/en/Agreement-in-Principle-on-Financial-Restructuring-Plan.html