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Published on 10/31/2012 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Virgin Media calls all outstanding 9½% senior notes following tender

By Ashley Montgomery

Kansas City, Kan., Oct. 31 - Virgin Media Inc. subsidiary Virgin Media Finance plc will redeem all of its remaining 9½% senior notes due 2016 on Nov. 29, according to a news release.

As previously reported, the company offered to purchase all of its 9½% senior notes in a tender offer ending Nov. 7.

As of Oct. 25, the company said investors had tendered $818,574,000, or 96.3%, of the 9½% notes.

The remaining notes will be redeemed at par plus accrued interest.

New York-based Virgin Media provides television, broadband, fixed-line telephone and mobile telephone services in the United Kingdom.


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