NDS seeks $1.05bn boost

Digital pay-TV technology specialist NDS – owned by Permira Funds and News Corp – is seeking $1.05 billion in loans to refinance debt, reports Bloomberg, citing a person with knowledge of the transaction.

A lender meeting is to take place on February 17th, at 10 am in New York, to discuss the financing, according to Bloomberg’s source, who declined to be identified because the negotiations are private.

JPMorgan Chase & Co. is said to be leading the transaction, which includes an $800 million term loan B that matures in seven years and a $250 million, six-year term loan A that will be denominated in Euros.

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