technicolor - 2020 Universal Registration Document

FINANCIAL STATEMENTS NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS Note 9 - 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 July and September 2020 and maturing in 2024. Summary of the debt 9.1

2020

2019

(in million euros) Term Loan Debt Accrued interest

569

984

26

5

Current Accounts and loans with subsidiaries (1)

1,475 2,071

1,281

TOTAL FINANCIAL DEBT

2,270

Of which due and payable after 1 year Term Loan Debt

569 592

981 242

Loans with subsidiaries

Including the term loan from Tech 6 for €349 million resulting of the restructuring debt operations during the year. (1)

Main features of Term Loan Debt

9.2

Amount in local currency

Currency

Amount (1)

Interest rate type

Final maturity December 2024

(in million euros)

Term loan

454

EUR

454 Cash interests: EURIBOR (2) + 300bps PIK interests: 300bps

Term loan

142

USD

114

Cash interests: LIBOR (3) + 275bps PIK interests: 275bps

December 2024

Subtotal external term loan debt

569

Term loan

158

EUR

158

Cash interests: EURIBOR (2) + 600bps PIK interests: 600bps Cash interests: EURIBOR (2) + 600bps PIK interests: 600bps

June 2024

Term loan

191

EUR

191

June 2024

Subtotal intra-group term loan debt

349

6

TOTAL TERM LOAN DEBT

918

Exchange rate as of December 31, 2020. (1) 3 months EURIBOR is subject to a 0% floor. (2) 3 months LIBOR is subject to a 0% floor. (3)

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2020 295