Davis Polk advised Technicolor S.A. in connection with the successful closing of a new $75 million and €126 million incremental term loan facility for Tech Finance & Co S.C.A. The incremental term loan was used to fund the acquisition by Tech Finance, a stand-alone Luxembourg special-purpose vehicle, of outstanding participations in loans under Technicolor’s existing credit facilities.
With headquarters in Issy les Moulineaux, France, Technicolor is a world-leading provider of solutions for the creation, management, delivery and access of video for the communications, media and entertainment industries. Its business includes the Technicolor brand of products and services, which provides a full range of production, post-production and network services for studios, independent filmmakers and television producers. Technicolor’s shares are admitted to trading on Euronext Paris.
The Davis Polk credit team included partner Jeffrey R. O’Brien, and associates Brandon Schubert and Andrei Takhteyev who provided New York law advice. Partner Nick Benham and associate Aaron Ferner provided English law advice. Partner Arnaud Pérès, counsel Natacha Marty and associate Jean-Baptiste Molmy provided French law advice. Counsel Catherine L. Martin provided Investment Company Act advice. Members of the Davis Polk team are based in the London, Paris and New York offices.
