NBC And Comcast Get Financing For The Mergepocalypse

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.

From Reuters:

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]

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