ITV PLC — Capital/Financing Update 2013

Mar 6, 2013

National Storage Mechanism | Additional information

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RNS Number : 3877Z

ITV PLC

06 March 2013

6 March 2013

ITV repays significant proportion of 2019 bilateral loan

ITV plc has today announced that it has repaid £138m of its £200m 2019 bilateral loan. Total savings in adjusted financing costs are expected to be around £50m over the remainder of the loan - around £9m on an annualised basis, and will result in an exceptional loss of £38m. The repayment of the loan has been satisfied by a one off £30m cash payment and the transfer of the gilts, which are currently the collateral for the loan.  

Ian Griffiths, ITV's Group Finance Director, said:

'This repayment is consistent with our aim to increase the efficiency of our balance sheet and to make the best use of our cash." 

For further enquiries please contact: 

Investor Relations

Pippa Foulds                                                  020 7157 6555 or 07778 031097

Media Relations

Mary Fagan                                                    020 7157 3965 or 07736 786448

Treasury

Charles Van Der Welle                                  020 7157 6567

This information is provided by RNS

The company news service from the London Stock Exchange

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