Media
Virgin Media Offers $650 Million In Senior Notes
The Associated Press
05/28/09 - 04:02 PM EDT
The Associated Press
Virgin Media Inc. said it will offer $650 million in senior notes due in 2016.
The London-based company, which provides broadband, television and telephone services in the United Kingdom, said late Wednesday it will use the proceeds to pay off debt on its senior credit facilities.
Virgin shares jumped 47 cents, or 6.2 percent, to $8.07 in afternoon trading Thursday.