ITV signs new revolver after bond buyback
UK television broadcaster ITV has signed a new three year revolving credit facility, having completed a liability management exercise at the end of June that saw it buy back £275m of its high yield bonds and cut its debt costs by £18m.
Barclays, Credit Suisse, JP Morgan, Lloyds and Royal Bank of Scotland provided the loan, which remains undrawn and has two one year extension options. Lloyds and RBS were dealer managers on the bond buyback.
In its results announced on Thursday, ITV announced a 10% year on year increase in
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