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...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.00 | 1,107.93 | 2,201.05 | 36.03 |
Oil *
72.10
|
|
DOWN
49.05
|
DOWN
6.18
|
DOWN
11.05
|
UP
0.57
|
10 Yr
3.60%
SPDR Gold
110.13
|
|
-0.47%
|
-0.55%
|
-0.50%
|
+1.61%
|
Data delayed 20 minutes |
