May 5, 2010
Technicolor’s debt restructuring will consist of a rights issue for a total of €348 million, an issuance of €640 million of bonds redeemable in shares and €300 million of Disposal Proceed Notes bonds.
Willkie is advising Houlihan Lokey in its role as independent financial adviser on the debt restructuring of Technicolor (formerly Thomson), the leading provider of production, post production and distribution services for the entertainment industry. Technicolor’s debt restructuring will consist of a rights issue for a total of €348 million, an issuance of €640 million of bonds redeemable in shares and €300 million of Disposal Proceed Notes bonds. The aim of this effort is to massively decrease Technicolor’s debt by 45 percent.
Houlihan Lokey is an international, advisory-focused investment bank with 14 offices throughout Europe, the United States and Asia. The Willkie team advising Houlihan Lokey includes partner Laurent Faugérolas and associate Flavie Hannoun from the Paris office, and partner Jon Lyman from the London office.