Technicolor announced that the expiry date of Tech Finance's noteholder tender offer would be extended to July 11, 2013, which was originally set for July 9. This extension was in anticipation of an expected refinancing closing in several days period.

The noteholder tender offer was launched last June 11, 2013, which received strong support from Technicolor's existing creditors. The purpose of the offer was Tech Finance's acquisition of all Technicolor's outstanding notes for cash and "any and all outstanding participations in Technicolor's Credit Agreement". This would be considered as a refinancing transaction of the company's senior debt.

The refinancing transaction would be considered completely successful upon Tech Finance's receipt of the funds. The funds would be used to pay those existing creditors who participated in the tender offer.

Noteholders who have already tendered their notes would be expected to receive consideration, principal plus interest, on or around July 12, 2013. In addition, those noteholdres who tendered their notes before June 24, 2013 would be expected to receive consideration, principal plus interest, on or around July 12, 2013.