14th Oct 2005 13:50
British Sky Broadcasting Group PLC14 October 2005 14th October 2005 NOT FOR DISTRIBUTION IN THE UNITED STATES Bond Issue British Sky Broadcasting Group plc today announced a private placement withinstitutional investors to raise net proceeds of approximately £1,013 millionfrom the issuance of guaranteed notes (the "Notes"). The Notes will be issued byBSkyB Finance UK plc and will be guaranteed by British Sky Broadcasting Groupplc, British Sky Broadcasting Limited and Sky Subscribers Services Limited. TheNotes to be issued consist of (i) US $750 million aggregate principal amount ofNotes paying 5.625% interest and maturing on 15 October 2015, (ii) US $350million aggregate principal amount of Notes paying 6.500% interest and maturingon 15 October 2035 and (iii) £400 million aggregate principal amount of Notespaying 5.750% interest and maturing on 20 October 2017. It is expected that thenet proceeds of the offering will be used for general corporate purposes, forthe refinancing of maturing debt and to extend the maturity profile of thegroup's debt. In addition, the group may use the proceeds of the offering foracquisitions of businesses and/or assets in support of its strategy, includingin relation to content, technology and distribution. The offering is expected toclose on or about 20 October 2005. This press release does not constitute an offer for sale in the United States.In the absence of a registration pursuant to the US Securities Act of 1933neither the Notes nor the guarantees appertaining thereto may be publiclyoffered in the United States. No public offering of the Notes will be made inthe United States. This news release does not constitute an offer to sell or the solicitation of anoffer to buy the Notes. The prospectus published in respect of the Notes is available in printed form atthe registered office of BSkyB Finance UK plc, at the offices in London of eachof the initial purchasers of the Notes and at the offices of the paying agent inLondon, each as set out below: BSkyB Finance UK plcGrant WayIsleworthMiddlesex TW7 5QD Initial Purchasers Barclays Bank PLC5 The North ColonnadeCanary WharfLondon, E14 4BB Citigroup Global Markets LimitedCitigroup CentreCanada SquareCanary WharfLondon E14 5LB J.P. Morgan Securities Ltd.125 London WallLondon EC2Y 5AJ Paying Agent The Bank of New YorkOne Canada SquareLondon E14 5AL This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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