Moody's: Tech Finance notes, loan B3

Moody's Investors Service said it assigned a provisional B3 rating to the senior secured notes and a provisional B3 rating to the senior secured term loan raised by Tech Finance & Co SCA.

Concurrently, Moody's affirmed Technicolor's B3 corporate family rating and B3-PD probability of default rating.

The outlook remains stable.

This new financing will contribute to improving Technicolor's liquidity and to extend its debt maturity profile beyond 2016, when the MPEG LA licensing pool, the group's largest profit contributor, will expire.

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