Market Overview

Virgin Media Announces Consent Solicitations Regarding Certain Outstanding Notes at Request of Liberty Global

Share:
Related VMED
Inside the Mind of Rod Hall – What Tech News Is JPMorgan Watching?
Five Competitive Music Industry Stocks For Your Portfolio

Virgin Media (NASDAQ: VMED) today
announced that at the request of Liberty Global (NASDAQ: LBTYA) and in
order to facilitate the funding by LGI in connection with the merger of
LGI and Virgin Media, its subsidiary Virgin Media Finance PLC (“VMF”)
will solicit consents from holders of VMF's dollar denominated 8.375%
senior notes due 2019 and sterling denominated 8.875% senior notes due
2019 (collectively, the “2019 Notes”) and its subsidiary Virgin Media
Secured Finance PLC (“VMSF”) will solicit consents from holders of
VMSF's dollar denominated 6.50% senior secured notes due 2018 and
sterling denominated 7.00% senior secured notes due 2018 (collectively,
the “2018 Notes”) and dollar denominated 5.25% senior secured notes due
2021 and sterling denominated 5.50% senior secured

See full press release

Posted-In: News Guidance Contracts Management

 

Related Articles (LBTYA + VMED)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→