Thomson suppliers, lenders unanimously approve restructuring plan

By Caroline Salls

Pittsburgh, Dec. 21 - Thomson SA said its suppliers' committee and the lenders' committee under its syndicated credit facility both voted unanimously to approve its restructuring plan, according to a company news release.

The company's noteholders are scheduled to vote on the plan on Tuesday and will be the last group of creditors to vote on the plan.

If the plan is approved by at least two-thirds of the noteholders, it will be submitted to a vote of shareholders at a meeting scheduled for Jan. 27.

However, if the noteholders do not approve the plan, Thomson will submit an alternative court-imposed plan under French commercial code provisions.

Thomson is based in Boulogne-Billancourt, France, and provides video technologies, systems, finished products and services to the media and entertainment industry.

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