BSkyB plans to raise $600 million

November 18, 2008 BSkyB on Tuesday announced plans to raise $600 million in a bond issue, leading to speculation that the U.K. satcaster was poised to announce an acquisition financed by debt. The pay TV giant, which has 1.9 billion pound ($2.9 billion) net debt on its balance sheet as of Sept. 30, issued 10-year notes priced at 9.5% and said that it expected to use the proceeds "for the refinancing of existing debt and for acquisitions of businesses and/or assets in support of its strategy."

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