BSkyB has signed a new, five year, £600 million credit facility which is being used to cancel its existing £750 million facility, the group said today.
Separately, BSkyB’s parent company, Rupert Murdoch’s News Corporation, has announced plans to issue a bond exchangeable for shares in the satellite group. This will raise $1.35 billion and will be used by News Corp for ‘general corporate purposes’ (see News Corp To Raise $1.35 Billion By Remortgaging Sky Stake).