Virgin Media to redeem three series of outstanding notes on May 12

By Susanna Moon

Chicago, April 12 - Virgin Media Inc. said it will redeem its outstanding senior notes due 2014 on May 12 using cash from its balance sheet.

Covered by the redemption are three series of notes issued in April 2004:

• $89,324,000 of dollar-denominated 8¾% senior notes due 2014;

• £78,814,543 of sterling-denominated 9¾% senior notes due 2014; and

• €47,288,726 of euro-denominated 8¾% senior notes.

The company said it will pay 102.917 for the 8¾% notes and 103.25 for the 9¾% notes.

Virgin Media is a U.K. entertainment and communications business.

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