Technicolor completes the restructuring of its debt.

The group completes its restructuring plan by raising funds of 348 million euros.
Keywords: Fundraising, Restructuring, Media, PARIS, Ranque, Technicolor, THOMSON.

The Media Technology Group announced it has raised almost 348 million euros. An operation that allows it to reduce its debt by 45% to 1.5 billion euros. The Exchange welcomes performance.
Technicolor (formerly Thomon), since the opening of markets on Monday, the star of the SRD. The securities of the company specializes in technology media to earn 8.47% to 0.60 euros to 11.20. The enthusiasm of investors follows the announcement by the group finalizing proposal to restructure debt. Technicolor announced that it completed a capital increase of 347.6 million euros. "This market is the final phase of the financial restructuring group, which allows Technicolor to strengthen its balance sheet by reducing 45% its debt of about 2.9 billion to 1.5 billion euros "says a press release.
The shares were subscribed to 58.4% by investors and the remaining shareholders by creditors of the group by set-off debt. The supplier of equipment and services for film and television adds that the 638 million of bonds redeemable in shares (ORA) issued 11.73 million, or 15%, will be acquired by the shareholders.
After these two operations, the capital of Technicolor is owned 66.2% by all senior creditors.