Allen & Overy advises on the financing of Technicolor Creative Studios spin-off
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06 October 2022
New York – Allen & Overy (“A&O”) acted as legal counsel in the financing of Technicolor Creative Studios SA (“TCS”), in its spin-off from its French corporate parent, Technicolor SA (n/k/a VANTIVA). A&O advised the left lead arranger, administrative agent and collateral agent in the EUR564.2 million term loan facility, USD60.0 million term loan facility and EUR40.0 million multi-currency revolving credit facility to TCS, as French borrower, and Technicolor Creative Services USA, as U.S. borrower.
A&O advised on the financing that facilitated TCS to become its own stand-alone company, and its concurrent listing on Euronext Paris (EPA: TCHCS).
Partner Jake Mincemoyer noted: “This was a classic A&O transaction – a cross-border financing involving multiple borrowers and guarantors, including parties from the U.S., France, England and Canada served by a coordinated team across the A&O network, working together with a team from Osler in Canada.”
The A&O team was led by partner Jake Mincemoyer in New York, Denise Gibson and Nicholas Clark in London, and Julien Roux, Mathieu Vignon, Olivier Thebault and Diana Billik in Paris, with support from senior counsel Joseph Furst in New York.