Simpson Thacher is representing Twenty-First Century Fox, Inc. in connection with an amendment to its committed bridge facilities to increase the aggregate principal amount of the facilities to £15.325 billion to finance its increased offer for the acquisition of Sky plc, the U.K.-based media company. Goldman Sachs Bank USA, Goldman Sachs Lending Partners LLC, Deutsche Bank AG Cayman Islands Branch and JPMorgan Chase Bank, N.A., London Branch have committed to provide the bridge facilities.
Twenty-First Century Fox is a leading diversified global media and entertainment company that operates cable, broadcast, film, pay TV and satellite assets spanning six continents. Sky is a telecommunications and entertainment company providing pay television broadcasting and home communications services.
The Simpson Thacher team for the transaction includes Patrick Ryan, Matthew Farrell, Rustin Brown, Sarah Pelham and Sara Park (Banking and Credit); James Connor (Corporate); and Joseph Kaufman, Jonathan Ozner and Jessica Asrat (Capital Markets).