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2014-04-28

TECHNICOLOR : Successful repricing of the senior debt maturing 2020

Continued improvement of the balance sheet and significant annual interest
savings

Paris (France), April 28, 2014
-
Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) announces today that it has
fixed the terms and conditions of its repricing transaction launched in
mid-April.

Technicolor has successfully repriced $884 million and €321 million of senior
secured term loans issued by Tech Finance&Co. S.C.A. and maturing in 2020 at
new pricing of Libor / Euribor + 450bps, subject to a 1% Libor / Euribor
floor. This represents a significant reduction from the previous pricing of
Libor / Euribor + 600bps / 625bps, subject to a 1.25% Libor / Euribor floor.
The average weighted interest rate is reduced to 5.50% from 7.33%.

In addition, in order to pursue further deleveraging, Technicolor has decided
to prepay €50 million of this debt. The repricing and the prepayment will
close on April 30.

Following this transaction and the reimbursement at the end of May 2014 of the
group's remaining legacy debt due 2016/2017, Technicolor's total pro-forma
senior gross nominal debt will be approximately €900 million, a reduction of
approximately €170 million versus December 31, 2013. The reduced interest
rate and prepayments will result in annual cash interest savings of
approximately €26 million.

The transaction has also allowed the group to diversify its lender base and to
eliminate hard call protection.

***

About Technicolor

Technicolor, a worldwide technology leader in the media and entertainment
sector, is at the forefront of digital innovation. Our world class research
and innovation laboratories enable us to lead the market in delivering
advanced video services to content creators and distributors. We also benefit
from an extensive intellectual property portfolio focused on imaging and
sound technologies, based on a thriving licensing business. Our commitment:
supporting the delivery of exciting new experiences for consumers in
theaters, homes and on-the-go. www.technicolor.com

Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in
the USA on the OTCQX marketplace (TCLRY).

Contacts

Press
: +33 1 41 86 53 93

technicolorpressoffice@technicolor.com

Investor relations
: +33 1 41 86 55 95

investor.relations@technicolor.com

PDF Version
http://hugin.info/143597/R/1780588/608837.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: TECHNICOLOR via Globenewswire

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