NEW YORK (Reuters) - General Electric Co"s NBC Universal affiliate has obtained $9.85 billion in financing needed for its $30 billion joint venture with Comcast Corp, according to a regulatory filing on Thursday.
The financing includes a three-year credit agreement providing a $3 billion term loan facility and a $750 million revolving facility for NBC Universal.
There is also a bridge loan agreement to provide a $6.1 billion facility with a syndicate of lenders.
Comcast, the No. 1 U.S. cable operator, announced in December it had reached an agreement with GE to create a joint venture between Comcast"s cable networks unit and NBC Universal, which owns cable networks like USA, MSNBC and CNBC as well as the NBC broadcast network.
The cable operator would have a 51 percent controlling stake in the venture if it were approved by regulators in Washington.
The merger is currently going through a comprehensive review which has seen Comcast Chief Executive Brian Roberts testify to regulators on Capitol Hill at least four times since the start of the year.
(Reporting by Yinka Adegoke, editing by Gerald E. McCormick)
Deals
No comments:
Post a Comment