Brief: Technicolor: Prepayment Of EIB Loan, 2018 Adjusted EBITDA Update

Vantiva SA

21/12/2018 06:51

Dec 21 (Reuters) - TECHNICOLOR SA  TCH.PA :
    * REG-TECHNICOLOR:  PREPAYMENT OF EIB LOAN - 2018 ADJUSTED EBITDA UPDATE
    * NOW EXPECTS 2018 ADJUSTED EBITDA (AT CONSTANT EXCHANGE RATE VERSUS 2017) TO BE IN A RANGE
OF EUR
265 MILLION TO EUR 275 MILLION
    * WILL PREPAY EUROPEAN INVESTMENT BANK ("EIB") LOAN OF EUR 90 MILLION BEFORE YEAR END 2018
    * REMAINING 2023 MATURITY SENIOR SECURED TERM LOANS ARE COVENANT FREE
    * INFORMS MARKET THAT IT IS NOT ENGAGED IN ANY STRATEGIC DISCUSSIONS INCLUDING ANY RELATED
TO
CONNECTED HOME BUSINESS

Source text for Eikon:  ID:nGNE8ZbR6n 
Further company coverage:  TCH.PA 

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