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Virgin Media made early senior notes repayment
British company Virgin Media announced it has repaid £178m of corporate debt using cash from its balance sheet.
The company said that with the full redemption of the senior notes issued in April 2004 and due in 2014 it has paid a total of about £815m…
British company Virgin Media announced it has repaid £178m of corporate debt using cash from its balance sheet.
The company said that with the full redemption of the senior notes issued in April 2004 and due in 2014 it has paid a total of about £815m of debt in the last three years from its cash flow.
In April, Virgin Media closed a refinancing programme to reduce the amount of corporate debt due before 2013 by 93%.
The company provides broadband, TV, fixed and mobile services in the UK. It claims to have almost 10 million subscribers.
