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Virgin Media extends exchange offer for senior secured notes.

TELECOMWORLDWIRE-September 7, 2011-Virgin Media extends exchange offer for senior secured notes(C)1994-2011 M2 COMMUNICATIONS http://www.m2.com

UK broadband, TV, phone and mobile provider Virgin Media Inc (NASDAQ:VMED) (LSE:VMED) said today that its exchange offer for certain senior secured notes has been extended until 17:00 New York City time today.

Virgin Media Secured Finance plc, a wholly-owned subsidiary of Virgin Media, has offered to exchange any and all of its outstanding USD500m aggregate principle amount of 5.25% senior secured notes due 2021 and GBP650m aggregate principle amount of 5.50% senior secured notes due 2021 for a like amount of new 5.25% senior secured notes due 2021 and 5.50% senior secured notes due 2021 which have been registered under the US Securities Act of 1933, as amended.

The exchange offer had been due to expire at 17:00 New York City time yesterday, at which time almost all of the aggregate principle amount of the 5.25% senior secured notes due 2021 had been tendered and not withdrawn. The company was still waiting for information in respect of the 5.50% senior secured notes due 2021 to be confirmed by the clearing houses.

(USD1=GBP0.63)

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Publication:Telecomworldwire
Date:Sep 7, 2011
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