Foxtel fortified by $1.6bn debt deal

Original article by Leo Shanahan
The Australian – Page: 24 : 25-Nov-19

Pay-TV group Foxtel has completed a deal to refinance some $US1.1bn ($1.6bn) worth of debt. It is said to include a $US900m debt facility with a syndicate of commercial banks. The deal comes as Foxtel seeks to increase its presence in the subscription video-on-demand market with the launch of a drama-focused streaming service in 2020. It will complement Kayo Sports, which now boasts some 443,000 subscribers and recently won the SportsPro OTT Award for the best user experience.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, TELSTRA CORPORATION LIMITED – ASX TLS, HANA FINANCIAL GROUP INCORPORATED, DISNEY+, NETFLIX INCORPORATED, AMAZON PRIME VIDEO

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