Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
BREAKING NEWS  LeftArrow - Townhall.com : Conservative, Political, Republican   RightArrow - Townhall.com : Conservative, Political, Republican  
Columns, funnies & more in your inbox!
Login | What's Hot
  • Check the boxes and send us your email address to receveive your free newsletter
  • Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
  • Townhall.com’s weekly inside scoop on what’s happening behind the scenes in the world of politics. When news breaks, we report.
  • Signup to receive the latest daily Townhall cartoons
Wednesday, November 04, 2009
Virgin Media prices $1.2B of senior debt
Forward Print Share Single Page
Vote on It:
Average Vote:
[+] Text [-]
 
 
Poll
Are you concerned about new terror threats in the wake of the Christmas attempted attack?


Virgin Media Inc., the London-based provider of TV, Internet and phone services, said Wednesday the pricing has been set for an offering of 715 million pounds ($1.2 billion) in senior notes due 2019 from its subsidiary Virgin Media Finance PLC.

Virgin Media said the notes will be offered in two tranches, split between U.S. dollars and pounds _ $600 million and 350 million pounds ($580 million).

The dollar denominated notes will bear interest at a rate of 8.38 percent. The sterling denominated notes carry an interest rate of 8.88 percent.

Virgin Media said it expects to get net proceeds from the offering of 689.4 million pounds ($1.1 billion), and will use that to buy back outstanding senior notes due 2014 of Virgin Media Finance.
Share:
Forward Print Single Page
Vote on It:
Average Vote:
 

Join The Debate!

Post Your Comment
(0 comments so Far)
View in ascending order     View in descending order
Sign Up to Post Your CommentsSign Up to Post Your Comments
If you are already registered, click here to login. Otherwise, please take a few seconds to register with Townhall.com. Once you sign up, you’ll be able to post your comments immediately, use the action center, get podcasts, and more!
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Nickname:
*
Note: Nick name will be shown when you post comments.
Address 1:
*
Address 2:
City:
 *
State:
 *
Zip:
 *
Phone:
       
Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
(Bi-Weekly) We highlight the best opportunities from our partners for surveys, action items and more.