STV has renegotiated its £70 million banking facility at the cost of an annual £1m rise in interest payments.

The deal with Bank of Scotland, Barclays Corporate and Santander UK is for a £37.5m term loan and a £32.5m revolving credit and overdraft facility.

Both run until December 2014, with options to extend until March 2016 if STV's broadcast licences are confirmed by the end of 2013.

Please enable cookies in your browser to display the rest of this article.

Related articles