technicolor - 2019 Universal registration document

FINANCIAL STATEMENTS BORROWINGS & FINANCIAL INSTRUMENTS

Borrowings & Financial instruments

NOTE 9

The Group’s debt consists primarily of Term Loan Debt in U.S. dollars and in euros, issued by Technicolor SA in December 2016 and March 2017 and maturing in 2023. Summary of the debt 9.1

2019

2018

(in million euros) Term Loan Debt Accrued interest

984

983

5

4

Current Accounts and loans with subsidiaries

1,281

1,245 2,232

TOTAL FINANCIAL DEBT

2,270

Of which due and payable after 1 year Term Loan Debt

981 242

980

Loans with subsidiaries

217

Main features of Term Loan Debt

9.2

Amount in local currency

Currency

Amount (1)

Interest rate type

Final maturity December 2023 December 2023 December 2023

(in million euros)

Term loan Term loan Term loan

450 275 292

EUR EUR USD

450 EURIBOR (2) +350bps 275 EURIBOR (2) +300bps 259 LIBOR (3) +275bps

984

Exchange rate as of December 31, 2019. (1) 3 months EURIBOR is subject to a 0% floor. (2) 3 months LIBOR is subject to a 0% floor. (3)

9.2.1

ANALYSIS BY MATURITY OF FINANCIAL DEBT

6

2019

2018

Term Loan Debt

Term Loan Debt

(in million euros) Within one year

3 3 2

3 2 3 3

1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years

976

- -

972

More than 5 years TOTAL DEBT Of which current debt

-

984

983

3

3

Of which non-current debt

981

980

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 279