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Published on 9/11/2017 in the Prospect News High Yield Daily.

Virgin Media sets roadshow for £200 million tap of 5½% receivables-backed notes due 2024

By Paul A. Harris

Portland, Ore., Sept. 11 – Virgin Media Ltd. plans to market a £200 million add-on to the Virgin Media Receivables Financing 5½% receivables-backed notes due Sept. 15, 2024 on Tuesday and Wednesday, according to a market source.

Credit Suisse is the global coordinator among a syndicate of banks that includes Banca IMI, ING and Mediobanca.

The notes are subject to call after Sept. 15, 2019.

The Hook, England-based telephone, television and broadband internet services provider plans to use the proceeds for working capital.


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