September 2nd sees the first of BSkyB’s financial roadshow presentations take place with the aim of raising the extra cash it needs to buy Sky Deutschland and Sky Italia. Financial reports suggest that BSkyB is looking to raise $2 billion.

Last week BSkyB mandated three banks (Barclays, JP Morgan and Morgan Stanley) to lead the effort.

BSkyB raised some £6.6 billion earlier in August via a €4 billion 12-month term loan, as well as €2.5 billion and £450 million, both with limited time limits on their repayment. An additional £1 billion revolving credit line was also secured.  At the time BSkyB said it would re-finance some of this cash via the debt capital market.

Other posts by Chris Forrester:

1. Bank: “Nordic Noir helps Viaplay”
2. Bank: “LADbible outperforming the market”
3. Analyst trims WBD expectations
4. Satellite operators talk merger, and lose billions
5. Judge confirms Kevin Spacey $31m penalty
6. Biden’s $52bn for chipset production
7. UK antenna specialist solves major comms problem
8. Russia to seek private space missions
9. Further bad news for Eutelsat/OneWeb

Categories: Blogs, Business, Funding, Inside Satellite, Pay TV