26th Mar 2015 13:57
LONDON (Alliance News) - Sky PLC said Thursday that it has priced EUR600 million of euro denominated bonds, refinancing the remaining piece of the bank bridge facility it put in place for the acquisitions of Sky Italia Srl and a majority stake in Sky Deutschland AG.
The bond issue also provides funding for the acquisition of an around 4% interest in Sky Deutshland that Sky will acquire later this year through a squeeze out process.
The bonds have a coupon of 3 month EURIBOR plus 0.75%, and are due in 2020.
Shares in Sky are trading down 1.3% 999.00 pence Thursday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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