Sky issues EUR 600 mln of bonds for acquisitions

Thursday 26 March 2015 | 15:06 CET | News
Sky said it has issued and priced EUR 600 million worth of Euro denominated bonds. The money will go to refinancing the remaining piece of Sky's bank bridge facility put in place for the acquisitions of Sky Italia and Sky Deutschland, completed on 12 November. The bond issue will also provide funding for the acquisition of the 4 percent of Sky Deutschland shares held by minority shareholders that will be acquired by Sky later this year through the previously announced "Squeeze-out" process. The unsecured senior bonds are due 2020, with a coupon of 3 month EURIBOR plus 0.75 percent.

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Categories: Broadcast & Satellite / Internet
Companies: Sky Deutschland / Sky Italia
Countries: Europe / United Kingdom
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