Market Overview

Virgin Media Offering $1.25B Notes Due 2022

Related VMED
Virgin Detroit: Sir Richard Branson Hinting At A Virgin Industry In The Motor City?
Inside the Mind of Rod Hall – What Tech News Is JPMorgan Watching?

Virgin Media Inc. (“Virgin Media”) (NASDAQ: VMED) (LSE:VMED), a leading UK entertainment and communications business, today announced that its wholly-owned subsidiary Virgin Media Finance PLC intends to offer, subject to market and other conditions, approximately $1.25 billion aggregate principal amount of senior notes due 2022 in dollar - and sterling-denominated tranches.

The notes will be guaranteed by Virgin Media and certain of Virgin Media's subsidiaries, will rank pari passu with Virgin Media Finance PLC's outstanding senior notes due in 2019 and 2022 and will be effectively subordinated to any future secured indebtedness of Virgin Media Finance PLC.

Posted-In: News Financing Offerings


Related Articles (VMED)

View Comments and Join the Discussion!

Lockheed Martin To Provide Coast Guard With Secure Mobile Access To Electronic Medical Records

Visa Announces Charles Scharf to Become CEO; Joseph W. Saunders to Serve as Executive Chairman