Simpson Thacher Represents Underwriters in Offering of $750 Million Senior Notes and €180 Million Senior Notes by Virgin Media
06.04.09
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The Firm represented J.P. Morgan, Deutsche Bank, Goldman, Sachs & Co., RBS, BNP Paribas, HSBC, CALYON, Fortis Securities LLC, Lloyds TSB Corporate Markets, Barclays Capital and UBS Investment Bank, as underwriters, in connection with a public offering by Virgin Media Finance PLC of $750 million of 9.5% Senior Notes due 2016 and €180 million of 9.5% Senior Notes due 2016. The notes are guaranteed on a senior basis by Virgin Media Inc. and the intermediate holding companies of Virgin Media Finance PLC, and on a senior subordinated basis by Virgin Media Investment Holdings Limited. Virgin Media intends to use the net proceeds from the offering to prepay a portion of its outstanding A and B tranches under its senior credit facility.
Virgin Media is a leading U.K. entertainment and communications business providing a "quad-play" offering of broadband, television, mobile telephone and fixed line telephone services.
The Simpson Thacher team included Art Robinson, Arjun Koshal and Hui Lin (Capital Markets & Securities - New York); Nick Shaw, Jennifer Cheng and Bradley Wilson (Capital Markets & Securities - London); SeoJung Park (Tax); and Andrew Pagliughi (FINRA and Blue Sky).