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Technicolor abandons plan for EUR 300 mln rights issue, seeks new EUR 400 mln financing

Wednesday 27 May 2020 | 11:12 CET | News
Technicolor said that it has been unable to go ahead with its previously announced EUR 300 million rights issue, due to the unprecedented crisis caused by the Covid-19 pandemic. It has instead entered talks with some of its creditors and with third-party investors to obtain a new EUR 400 million financing, indicating that so far it has received indicative offers from one investor and from one of its existing lenders.

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Categories: Broadcast & Satellite / Internet
Companies: Technicolor
Countries: France / World
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