NDS Finance to launch $1.05 billion credit facility on Thursday

By Sara Rosenberg

New York, Feb. 14 - NDS Finance is set to hold a bank meeting on Thursday to launch its proposed $1.05 billion credit facility, according to a market source.

JPMorgan is the lead bank on the deal.

The facility consists of a $250 million euro equivalent six-year term loan A and an $800 million seven-year term loan B, the source said.

Proceeds will be used to refinance existing debt.

NDS is a U.K.-based supplier of open end-to-end digital technology and services to digital pay-television platform operators and content providers.

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