Simpson Thacher Represents Banks in Offering of $500 Million of Senior Notes by Virgin Media and Related Tender Offer
04.11.12
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The Firm represented BofA Merrill Lynch, BNP Paribas, and several other banks as underwriters in connection with a public offering by Virgin Media Finance PLC of $500 million aggregate principal amount of its 5.25% Senior Notes due 2022. The notes are guaranteed by Virgin Media Inc. and certain subsidiaries. Virgin Media used the net proceeds from the offering to fund a tender offer for $500 million aggregate principal amount of 9.50% Senior Notes due 2016. The Firm represented Deutsche Bank and Goldman, Sachs & Co. as dealer-managers for the tender offer.
Virgin Media is a leading U.K. entertainment and communications business providing a “quad-play” offering of broadband, television, mobile telephone and fixed line telephony services.
The Simpson Thacher team included Mark Brod, Nick Shaw, Sinjini Saha and Audrey Hage (Capital Markets), Meredith Jones and Andrew Purcell (Tax) and Andrew Pagliughi (FINRA and Blue Sky).