Brief: Technicolor Announces 2020-2022 Strategic Plan

Vantiva SA

13/02/2020 19:33

Feb 13 (Reuters) - Technicolor SA  TCH.PA :
    * TECHNICOLOR ANNOUNCES 2020-2022 STRATEGIC PLAN -
    * TECHNICOLOR - ANNOUNCING REINFORCEMENT OF CAPITAL
STRUCTURE
COMPRISING OF C. EUR 300 MILLION OF NEW EQUITY
    * TECHNICOLOR - HAS ALSO SECURED NEW $110 MILLION SHORT-TERM
FACILITY
    * TECHNICOLOR SA - ANTICIPATED THAT EQUITY ISSUANCE WILL BE
LAUNCHED IN Q2 2020
    * TECHNICOLOR SA - ANNOUNCES THAT IT HAS REACHED AGREEMENT
FOR
18-MONTH EXTENSION OF ITS EXISTING RCF FROM DEC 2021 TO JUNE
2023
    * TECHNICOLOR SA - WELLS FARGO FACILITY WILL BE EXTENDED BY
18
MONTHS FROM SEPTEMBER 2021 TO MARCH 2023
    * TECHNICOLOR SA - WORKING CAPITAL AT END OF YEAR WAS
NEGATIVELY
AFFECTED BY DOWNGRADES BY RATING AGENCIES IN 2019
    * TECHNICOLOR SA - IMPACT OF DOWNGRADES BY RATING AGENCIES
IN 2019
IS ESTIMATED TO BE NEGATIVE EUR 95 MILLION

Source text for Eikon:  ID:nGNX431jWw 
Further company coverage:  TCH.PA 

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