Discovery Communications is increasing its borrowing in order to part-fund its proposed purchase of Scripps Networks Interactive.

Discovery is increasing its revolving credit facilities from $2 billion to $2.5 billion, and extended the maturity date to the loan to August 11^th 2022 (from February 4^th 2021).

The broadcaster is also taking on fresh debt organised via investment bank Goldman Sachs. Discovery is borrowing two amounts: the first is for $1 billion and the term is three years, while the second tranche is for $1 billion but for a five-year term.

The news emerged in an SEC filing.

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