Virgin Media to pay down revolver drawings with notes proceeds

By Sara Rosenberg and Paul A. Harris

New York, April 12 – Virgin Media Secured Finance plans on repaying borrowings under its revolving credit facility using some of the proceeds from a secured notes offering, according to a market source.

Remaining proceeds will be used for general corporate purposes.

Virgin Media is a New York-based provider of broadband, television, mobile phone and home phone services in the United Kingdom.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.