The Firm represented Goldman Sachs International, J.P. Morgan Securities LLC and several other banks as underwriters in connection with a public offering by Virgin Media Finance PLC of $900 million aggregate principal amount of its 4.875% Senior Notes due 2022 and £400 million aggregate principal amount of its 5.125% 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 all of its outstanding 9.50% Senior Notes due 2016 and $250 million aggregate principal amount of its 8.375% dollar and 8.875% sterling denominated Senior Notes due 2019. The Firm represented J.P. Morgan Securities plc and RBS Securities Inc. 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, Kristy Greene and Sven Frode Frølund (Capital Markets), Meredith Jones and Sean FitzGerald (Tax) and Andrew Pagliughi (FINRA and Blue Sky).
