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TECHNICOLOR: Technicolor senior creditors approve amendments to senior debt agreements increasing Technicolor's strategic flexibility

October 27, 2011 - PARIS

Technicolor ("the Company") (PARIS: TCH) announcestoday that its lenders and noteholders have approved certainchanges to the Company's senior debt agreements by more than therespectiverequired majorities and, accordingly, the proposed amendments to its seniordebtagreements will become effective soon.

The consent was approved by a large majority of around 90% in accordancewiththe voting rules of the senior debt agreements.

On 4 October 2011, the Company requested that its senior creditors providetheirconsent to certain amendments to its senior debt agreements, principallyrelatedto joint ventures, disposals and acquisitions, in order to increaseitsstrategic flexibility.

Once the amendments become effective, the Company will have greaterflexibilityto participate in the industry's accelerating consolidation trends and totakeadvantage of potential strategic opportunities to optimise its portfolioofactivities and strengthen its business.


About Technicolor

Technicolor is home to industry-leading creative and technologyprofessionalscommitted to the creation, management and delivery of entertainment contenttoconsumers around the world. Propelled by a culture of innovation andunderpinnedby a dedicated research organization, the company's thriving licensingbusinesspossesses an extensive intellectual property portfolio focused on imagingandsound technologies. Serving motion picture, television, and other mediaclients,the company is a leading provider of high-end visual effects, animation,andpostproduction services. In support of network service providersandbroadcasters globally, Technicolor ranks among the worlds' leading suppliersofdigital content delivery services and home access devices, including set-topboxes and gateways. The company also remains a large physical mediaserviceprovider, being one of the world's largest film processors andindependentmanufacturers and distributors of DVDs and Blu-ray™ discs.

Euronext Paris: TCH 


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Source: TECHNICOLOR via Thomson Reuters ONE


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