SOURCE: Thomson

October 05, 2007 13:17 ET

Thomson raises EUR 150m in long-term private debt placements

PARIS--(Marketwire - October 5, 2007) - As part of its regular refinancing program, Thomson (Euronext 18453 ; NYSE : TMS) last week raised EUR 150 million of notes with 7 and 5 year maturities in private placements. The terms of the notes meet Thomson's criteria for long-term borrowing in terms of costs, while the covenants are identical to its outstanding US private debt placements.

These long-term refinancings complete Thomson's current refinancing program, which is designed, together with expected cashflow, to cover its long-term debt obligations in 2008, as well extending Thomson's current average net debt maturity to around 5 years.

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Certain statements in this press release, including any discussion of management expectations for future periods, 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 factors and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements due to changes in global economic and business conditions, consumer electronics markets, and regulatory factors. More detailed information on the potential factors that could affect the financial results of Thomson is contained in Thomson's filings with the U.S. Securities and Exchange Commission.

About Thomson -- World leader in digital video technologies

Thomson (Euronext Paris: 18453; NYSE: TMS) provides technology, services, and systems to help its Media & Entertainment clients - content creators, content distributors and users of its technology - realize their business goals and optimize their performance in a rapidly changing technology environment. The Group is the preferred partner to the Media & Entertainment Industries through its Technicolor, Grass Valley, RCA, and Thomson brands. For more information: http://www.thomson.net.

+-------------------------+--------------------+--------------------+
|Press relations Thomson  |                    |                    |
+-------------------------+--------------------+--------------------+
|Martine Esquirou         |   +33 1 41 86 58 51|martine.esquirou@tho|
|                         |                    |mson.net            |
+-------------------------+--------------------+--------------------+
|Caroline Ponsi           |   +33 1 41 86 61 11|caroline.ponsi@thoms|
|                         |                    |on.net              |
+-------------------------+--------------------+--------------------+
|Julie Dardelet           |   +33 1 41 86 65 24|julie.dardelet@thoms|
|                         |                    |on.net              |
+-------------------------+--------------------+--------------------+
|Investor relations       |                    |                    |
|Thomson                  |                    |                    |
+-------------------------+--------------------+--------------------+
|Laurent Sfaxi            |   +33 1 41 86 58 83|laurent.sfaxi@thomso|
|                         |                    |n.net               |
+-------------------------+--------------------+--------------------+
|James Johnson            |  +33 1 41 86 61 48 |james.johnson@thomso|
|                         |                    |n.net               |
+-------------------------+--------------------+--------------------+
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