Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Technicolor Extends Bond Tender Offer as Refinancing Deal Nears

July 10 (Bloomberg) -- Technicolor SA, a Paris-listed media technology company, extended the deadline in its offer to buy back bonds as it seeks to refinance about 1.2 billion euros ($1.5 billion) of loans and notes.

Bondholders have until 6 p.m. New York time tomorrow to tender their securities, according to a statement from the company. Investors had already agreed to sell back about 99 percent of the notes. The company also offered to purchase its senior, secured loans and lenders holding 61 percent of the facilities agreed to the deal.

The company, which was known as Thomson SA until it was restructured in 2009, plans to obtain a new loan to fund the tender offers, a person familiar with situation said July 8. The refinancing will close in a few days, the company said in the statement today.

Technicolor is buying back the debt and will raise the new financing though its Tech Finance SCA unit, according to a June 11 statement.

To contact the reporter on this story: Julie Miecamp in London at jmiecamp@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.