| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers V > Headlines for Virgin Media Inc. > News item |
Fitch rates Virgin Media notes BB+
Fitch Ratings said it assigned Virgin Media Secured Finance plc's new 2018 senior secured notes, issued in tranches of £875m and $1 billion, a final rating of BB+. Virgin Media Secured Finance's ultimate parent is Virgin Media Inc., which has BB- and B ratings with a positive view.
The upsized £1.5 billion equivalent issue has been placed in two tranches: $1 billion 6 ½% senior secured notes and £875 million 7% senior secured notes each with a final maturity in January 2018.
The notes were issued at a discount and the senior secured bonds are guaranteed and secured on a first-ranking basis, equally with the Virgin Media Investment Holdings senior secured loan facilities, also rated BB+.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.