BSkyB starts cash-raising roadshow

September 1, 2014
  •   
  •   
  •   

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.


  •   
  •   
  •   

Related posts:

  1. “Rubbish” says Comcast on BSkyB bid rumour
  2. BSkyB sees higher profits as competition increases
  3. BSkyB: Subdued sub growth expected
  4. BSkyB: Still good value
  5. BSkyB to return cash to shareholders?

More Blogs:

  1. Bank: Covid continues to benefit video games sector
  2. Gogo protects shareholder assets – and losses
  3. OneWeb rejects Wyler in bankruptcy action
  4. OneWeb success not guaranteed
  5. 8K on track
  6. Phased Array antennas are satellite’s Holy Grail
  7. Sea Launch modernisation starts soon
  8. Bank: “SES not ready to play”
  9. Virgin Orbit looking for more cash?
  10. Israel’s Bezeq rated a 'Buy'

You must be logged in to post a comment Login