Comcast Prepares Financing For 21st Century Fox Buy

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NEW YORK (IFR) – Comcast says it has “Highly Confident Letters” from Bank of America Merrill Lynch and Wells Fargo for its US$65bn 21st Century Fox bid.

A “Highly Confident Letter” is a note from an investment banking firm that says the firm is highly confident it will be able to arrange the financing for a securities deal.

Comcast’s competing bid for 21st Century Fox is the largest all-cash deal of all-time, surpassing Bayer’s US$64bn merger with Monsanto, according to Thomson Reuters Deal Insight data.




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