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.
Other posts by :
- Safran Space links laser direct to satellite
- SpaceX fearful of AST SpaceMobile’s potential?
- Equatys wants 2,800 new satellites
- FCC eyes freeing up Weird Space Stuff spectrum
- SES happy with releasing 160MHz of spectrum for 5G
- Inmarsat “likely to win appeal” over Ligado/AST action
- FCC seeks fair play over foreign satellite access
- Bank raises RocketLab target price
