Reuters is reporting that NBC and Comcast have secured financing for their proposed merger. And I beheld when he had opened the sixth seal, and, lo, there was a great earthquake; and the sun became black as sackcloth of hair, and the moon became as blood.
The financing includes a three-year credit agreement providing a $3 billion term loan facility and a $750 million revolving facility for NBC Universal.
There is also a bridge loan agreement to provide a $6.1 billion facility with a syndicate of lenders.
Comcast will own a 51% stake in NBC Universal if the merger is approved by regulators, and it now seems they are able to pay for it if/when it does.
NBC gets financing for Comcast merger [Reuters]