NTL Cable to hold roadshows Wednesday in Europe for £800 million 10-year notes

By Paul A. Harris

St. Louis, March 19 - NTL Cable plc will hold roadshows Wednesday in Europe an a £800 million equivalent offering of senior notes due 2014 (B3/B-) in sterling, dollar and euro tranches, according to a syndicate source.

A U.S. roadshow will follow.

Deutsche Bank Securities and Goldman Sachs & Co. will run the books for the Rule 144A/Regulation S offering. Credit Suisse First Boston and Morgan Stanley will be co-managers.

The notes were reported to come with five years of call protection.

Proceeds will be used to pay down in full the existing senior credit facility, most of which is due in 2005, and redeem the NTL (Triangle) LLC debentures due 2007 and Diamond Holdings Ltd. notes due 2008.

The company's corporate headquarters is in New York City.

© 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.