Vantiva gets €85 million term loan via Barclays, Angelo Gordon funds

By Marisa Wong

Los Angeles, Oct. 12 – Vantiva SA announced that subsidiary Vantiva Technologies SAS has entered into a credit agreement for an €85 million term facility provided by Barclays Bank Ireland plc and participated in by funds managed or advised by Angelo Gordon & Co., LP.

The facility has a maturity date of March 31, 2024 and bears interest at Euribor plus 1,000 basis points, which is payable in kind, according to a press release.

Parent company Vantiva is a party to the credit agreement as guarantor.

Angelo Gordon and Barclays Bank Ireland are lenders under Vantiva’s existing financing arrangements in addition to the term loan, and they have indicated their continued support for the business and its acquisition of CommScope’s Home Network division, announced on Oct. 3.

Formerly known as Technicolor, Vantiva is a Paris-based company that provides creative services and technology products for the communication, media and entertainment industries.

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