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Technicolor abandons plan for EUR 300 mln rights issue, seeks new EUR 400 mln financing

2020-05-27 11:12:00| Telecompaper Headlines

(Telecompaper) Technicolor said that it has been unable to go ahead with its previously announced EUR 300 million rights issue, due to the unprecedented crisis caused by the Covid-19 pandemic. It has instead entered talks with some of its creditors and with third-party investors to obtain a new EUR 400 million financing, indicating that so far it has received indicative offers from one investor and from one of its existing lenders.

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