Davis Polk Advises Technicolor on Tech Finance’s $295 Million Incremental Term Loan Facility
Davis Polk advised Technicolor S.A. (“Technicolor”) in connection with a $295 million incremental term loan facility for Tech Finance & Co S.C.A., a stand-alone Luxembourg special-purpose vehicle. The proceeds of the incremental term loan facility have been used to fund the acquisition by Technicolor of The Mill, a leading visual effects and content creation studio for the advertising industry, for €259 million on a debt-free basis.
With headquarters in Issy-les-Moulineaux, France, Technicolor is a world-leading provider of solutions for the creation, management, delivery and access of video for the communications, media and entertainment industries. Its business includes the Technicolor brand of products and services, which provides a full range of production, post-production and network services for studios, independent filmmakers and television producers. Technicolor’s shares are admitted to trading on Euronext Paris.
The Davis Polk team advised Technicolor and Tech Finance as to matters of New York, English and French law and included partners Jeffrey R. O’Brien, Nick Benham and Christophe Perchet, counsel Amy T. Alter and associates Thomas Bourdeaut, Andrei Takhteyev, Anne Cathrine Ingerslev, Matthew W. Levy and Yosra Jarraya. Members of the Davis Polk team are based in the London and Paris offices