BSkyB has made a private placement with institutional investors to raise $600 million (€474m). The Notes will pay 9.5% interest and mature on November 15, 2018.
The pay-TV operator said the bonds would be used for “general corporate purposes”, the refinancing of existing debt and for business acquisition.
BSkyB is already known to be in talks with Tiscali over the purchase of the ISP’s UK operations and has recently been linked with a bid for the internet activities of Carphone Warehouse. BSkyB CEO Jeremy Darroch has already discounted the possibility of acquiring the Spanish pay-TV operator Digital+.
