Thomson comments on its debt restructuring discussions
5/20/2009
Paris (France) – May 20, 2009 – Further to the publication today in the media of information containing inaccurate and misleading information, Thomson (Euronext Paris: 18453; NYSE: TMS) provides an update on the current status of its discussions concerning the restructuring of its debt. Thomson is pursuing constructive discussions with its creditors, with the objective of reaching an agreement by June 16, date on which a public update will be provided. Until then, as communicated previously, the Group will not comment on rumours.
Thomson also clarifies that it has submitted a proposal to its creditors at the end of April, and that since then discussions have progressed.
Thomson has made a request this afternoon for The Autorité des marchés financiers (AMF, French Securities Regulator) to open an investigation.
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Certain statements in this press release, including any discussion of management expectations for future periods, constitute "forward-looking statements" within the meaning of the "safe harbor" of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements due to changes in global economic and business conditions, ”media and entertainment” markets, and regulatory factors. More detailed information on the potential factors that could affect the nancial results of Thomson is contained in Thomson's filings with the U.S. Securities and Exchange Commission.
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About Thomson:
Thomson (Euronext Paris: 18453; NYSE: TMS) is a worldwide leader of services to content creators. http://www.thomson.net
Press contacts: 33 (0)1 41 86 53 93
thomsonpressoffice@thomson.net
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