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Prospect News home > News index > List of issuers V > Headlines for Virgin Media Inc. > News item
Published on 3/21/2014 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Virgin Media to redeem £875 million 7% notes due 2018 on April 14

By Tali Rackner

Norfolk, Va., March 21 - Virgin Media Secured Finance plc plans to redeem all of its outstanding £875 million ($1,454,700,000) of 7% senior secured notes due 2018 with the proceeds from new offerings, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed on April 14.

Proceeds will also be used to pay related premium, fees and expenses.

The issuer is a subsidiary of London-based Liberty Global and provides internet, wireline and mobile telephone services in the United Kingdom.


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