ITV PLC — Capital/Financing Update 2015

Sep 11, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8697Y

ITV PLC

11 September 2015

11th September 2015

ITV plc

ITV plc announces €600m Euro Bond issue

ITV plc ("ITV") today announced that it has issued a 7 year €600 million Euro Bond at a fixed coupon of 2.125%. It is expected the issue will close and settle on 21 September, 2015 and will mature on 21 September 2022.

The proceeds of the bond will principally be used to repay the acquisition facility agreed at the time of the acquisition of Talpa Media B.V. in April, 2015.

Ian Griffiths, Group Finance Director of ITV, said:

"We are pleased to have refinanced the acquisition of Talpa and secured finance over the medium term at attractive rates.  This is in line with our policy of running an efficient balance sheet and maintaining the flexibility to invest in the business for further growth."

For further enquiries please contact:

Treasury

Jonathan Logan                                  Tel: +44 20 7157 6576 or +44 7766 465 405

Investor Relations

Pippa Foulds                                       Tel: +44 20 7157 6555 or +44 7778 031 097

Media Relations

Mary Fagan                                        Tel: +44 20 7157 3965 or +44 7736 786 448

Mike Large                                         Tel: +44 20 7157 3021 or +44 7768 261 528

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLBMITMBMBBBA