Reuters reported that Comcast is asking investment banks to increase a bridge financing facility by as much as $60 billion so it can make an all-cash offer for 21st Century Fox’s media assets. Fox had previously agreed to sell those assets to Disney for $52 billion.
According to Reuters, Comcast Chief Executive Brian Roberts is waiting to hear if a federal judge allows AT&T’s planned $85 billion acquisition of Time Warner to proceed before moving ahead with the bid.
Last week, according to a related 8-K filing, Comcast amended its existing revolving credit facility agented by JPMorgan in connection with its proposed all-cash acquisition of Sky TV. JPMorgan, Citigroup Global MREKTS, Morgan Stanley, MUFG Loan Partners, Wells Fargo Securities and Mizuho Bank were joint lead arrangers on the amendments.
