Virgin Media Offering $1.25B Notes Due 2022

Virgin Media Inc. (“Virgin Media”) VMED 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.
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