Virgin Media adjusts conversion rate for 6.5% senior notes due 2016

By Susanna Moon

Chicago, March 18 – Virgin Media Inc. said it adjusted the conversion rate for its 6.5% convertible senior notes due 2016.

The conversion rate for each $1,000 principal amount now consists of 13.4339 class A shares, 33.4963 class C shares and $910.51 in cash without interest, according to a company press relase.

Virgin Media is a subsidiary of Liberty Global that provides digital cable, broadband internet, fixed-line telephone and mobile services in the United Kingdom. The company has headquarters in New York City and Hook, England.

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