'Virgin Media announces pricing of senior notes offering'
Jan 14, 2010 (DMEUROPE via COMTEX) --
Company: Virgin Media Inc (VMED)
Virgin Media has announced the pricing of the offering of around GBP 1.5 billion equivalent of senior secured notes due 2018, split into a USD 1 billion tranche and a GBP 875 million tranche, through wholly-owned subsidiary Virgin Media Secured Finance. The notes will be offered in a private placement to qualified institutional buyers. The net proceeds from the offering, taking into account fees, expenses and a deferred fee, are estimated to be around GBP 1.45 billion.
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Company: Virgin Media Inc (VMED)
Related terms: finance, Private Placement
