Virgin Media Closes $1 Billion Bond Offering
Stock quotes in this article:
VMED
NEW YORK (AP) Virgin Media Inc. said Wednesday it has closed its offering of $1 billion in 9.5 percent senior notes due in 2016.
"Our successful raising of $1 billion in bonds, particularly in the current market, demonstrates the confidence investors have in our business and growth prospects," Chief Executive Neil Berkett said in a statement. Virgin, which provides broadband, television and telephone services in the United Kingdom, saw shares slip 54 cents, or 6 percent, to $8.41 in afternoon trading amid broad market losses.- Loading Comments...
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