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Published on 11/29/2012 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Virgin Media Finance calls remaining $31.43 million 9½% notes in full

By Ashley Montgomery

Kansas City, Kan., Nov. 29 - Virgin Media Inc. subsidiary Virgin Media Finance plc has called all of its $31,428,000 of 9½% notes remaining following the company's tender offer.

The notes were to be redeemed Thursday at 110.9553 plus applicable premium.

As previously reported, the company offered to purchase all of its $850 million 9½% notes due Aug. 15, 2016 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 notes.

The Bank of New York Mellon is the trustee.

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


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