Virgin Media Announces The Expiration And Successful Completion Of Virgin Media Finance PLC’s Tender Offer For 9.50% Senior Notes Due 2016 And 8.375% And 8.875% Senior Notes Due 2019

Virgin Media Inc. (NASDAQ:VMED) (LSE:VMED) today announced the expiration and successful completion of the previously announced cash tender offer by its subsidiary Virgin Media Finance PLC (the “Company”) to purchase any and all of its 9.50% Senior Notes due 2016 and up to $250 million aggregate principal amount of its outstanding 8.375% and 8.875% Senior Notes due 2019 on the terms and subject to the conditions set forth in the offer to purchase dated October 10, 2012 and the related letter of transmittal. The tender offer expired at 11:59 p.m., New York City time, on November 7, 2012.

The table below sets forth the results of the tender offer for the 9.50% Senior Notes due 2016 and the 8.375% and 8.875% Senior Notes due 2019, according to information provided by Lucid Issuer Services Limited, the Information and Tender Agent, as of the expiration of the tender offer. As the aggregate principal amount of 8.375% and 8.875% Senior Notes due 2019 tendered exceeds the maximum tender amount, the amount of notes accepted for purchase will be prorated pursuant to the terms of the offer to purchase.
Description of Notes   CUSIP/ISIN/COMMON CODE  

OutstandingAggregatePrincipal Amount
 

Principal AmountTendered
 

Percentage ofOutstandingPrincipalAmountAccepted (3)

Dollar-denominated9.50% Senior Notesdue 2016(1)
 

92769V AA7/US92769V AA70
  $850,000,000   $818,574,000   96.30%

Euro Denominated9.50% Senior Notesdue 2016(2)
 

XS0432072295 /043207229
  €180,000,000   €161,005,000   90.88%

Dollar-denominated8.375% SeniorNotes due 2019
 

92769V AB5 /US92769VAB53
  $600,000,000   $279,871,000   15.48%

Sterling-denominated8.875% SeniorNotes due 2019
 

XS0464803765/046480376
  £350,000,000   £293,055,000   27.58%

_________________

If you liked this article you might like

5 Official Twitter Accounts to Follow for Hurricane Irma Updates

5 Top Twitter Accounts to Follow Hurricane Irma Destruction

Virgin Media Warns 800,000 Users to Change Network Passwords Over Possible Hack

Wake Up Wall Street: Mueller Investigates Obstruction of Justice

Virgin Media Boosts Broadband Packages in UK