April 27, 2010 16:35 ET

TECHNICOLOR : Signature of Two Committed Receivables Facilities

PARIS--(Marketwire - April 27, 2010) - As foreseen in its debt restructuring plan, Technicolor (EURONEXT PARIS: 18453) (NYSE: TCH) signed last week two committed receivables facilities.

In France, Technicolor's wholly owned subsidiary, Thomson Telecom SAS, signed a EUR100 million 3 year factoring facility with GE Factofrance.

In the U.S., certain of our U.S. subsidiaries signed with Wells Fargo Capital Finance, LLC, part of Wells Fargo & Company (NYSE: WFC), a $125 million 3 year credit facility, secured by the subsidiaries' receivables.

Both of these facilities are subject to the fulfillment of customary conditions precedent prior to being available for advances and borrowings. We expect these facilities along with the Group's cash balances will fulfill the ongoing liquidity needs of the Group following its debt restructuring, which is expected to close in late May.


Technicolor is a company listed on NYSE Euronext Paris and NYSE stock exchanges, and this press release contains certain statements that constitute "forward-looking statements" within the meaning of the "safe harbor" of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties, assumptions and other factors beyond Technicolor's control that could cause actual results to differ materially from the future results expressed, forecasted or implied by such forward-looking statements due to changes in global economic and business conditions, risks related to its debt restructuring, and risks related to its operations in general. For a more complete list and description of such risks and uncertainties, refer to Technicolor's Form 20-F (formerly Thomson) and other filings with the U.S. Securities and Exchange Commission and Technicolor's Rapport Annuel and other filings with the French Autorité des marchés financiers.


About Technicolor

With more than 95 years of experience in entertainment innovation, Technicolor serves an international base of entertainment, software, and gaming customers. The company is a leading provider of production, postproduction, and distribution services to content creators and distributors. Technicolor is one of the world's largest film processors; one of the largest independent manufacturers and distributors of DVDs (including Blu-ray Disc); and a leading global supplier of set-top boxes and gateways. The company also operates an Intellectual Property and Licensing business.

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