Acclaim for high yield as Virgin Media presents new refi route

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Acclaim for high yield as Virgin Media presents new refi route

Issue: 1106 - 29 May 2009

Keywords: Virgin Media, high yield, primary market, bonds, syndicated loans

Virgin Media, the UK cable company, is set to reopen the European high-yield corporate bond market today (Friday) as it issues $650m of seven year debt in a deal that some are predicting could set a precedent for other firms seeking to refinance leveraged loans. ..

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