BSkyB set for £750m loan arrangement

UK pay-TV operator BSkyB is set to close a new loan facility that will give it £750m (€881m).

The forward-start facility offers the company a new line of credit before its current agreements with the banks expire. The loan, which has been secured with banks including Barclays, Deutsche Bank, Citigroup, JP Morgan and Royal Bank of Scotland, will be used for general corporate purposes.