New debt for Virgin Media

UK cable operator Virgin Media expects to net approximately £1.453bn (€1.625bn) from its latest debt issue, due to mature in 2018. The company is offering a US$1bn (€690m) dollar-denominated tranche and a £875m sterling trance in a private placement to qualified institutional buyers.

The company intends to use the proceeds from the offering to pre-pay existing debt.


Most Recent