TECHNICOLOR_REGISTRATION_DOCUMENT_2017

6 - FINANCIAL STATEMENTS Notes to the Parent Company Financial Statements

BORROWINGS & FINANCIAL INSTRUMENTS NOTE 9. Technicolor’s debt consists primarily of Term Loan Debt in U.S. dollars and in euros, issued in December 2016 and March 2017, maturing in 2023, as well as a borrowing from the European Investment Bank (EIB).

The proceeds of the term loans issued in March 2017 for respectively €275 million and U.S.$300 million have been used to prepay the balance of the Old term loans issued by Tech Finance & Co S.C.A. in 2013, 2014 and 2015 that should have matured in 2020.

Summary of the debt 9.1. (in million euros)

2017

2016 1,055

Term Loan Debt

974

EIB Loan

90

- 1

Accrued interest

4

Current Accounts and loans with subsidiaries

1,199

1,428

Other debt to third parties TOTAL FINANCIAL DEBT

-

7

2,267

2,490

Of which due and payable after 1 year Term Loan Debt and EIB Loan

1,061

1,022

Loans with subsidiaries

205

212

Main features of Term Loan Debt and EIB loan 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

450 275 298

EUR EUR USD EUR

450 275 249

EURIBOR (2)  + 350bps EURIBOR (2)  + 300bps

LIBOR (3)  + 275bps

EIB loan

90

90

Fixed rate (4)

January 2023

1,064

Exchange rate as of December 31, 2017. (1) 3 months EURIBOR is subject to a 0% floor. (2) 3 months LIBOR is subject to a 0% floor. (3) Interest rate: 2.542%. (4)

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TECHNICOLOR REGISTRATION DOCUMENT 2017