Virgin Media 2009 Annual Report Download - page 121

VIRGIN MEDIA INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 8—Long Term Debt (Continued)
•9.75% Senior Notes due April 15, 2014—The principal amount at maturity is £78.8 million.
Interest is payable semi-annually on April 15 and October 15 commencing October 15, 2004.
•8.75% Senior Notes due April 15, 2014—The principal amount at maturity is A47.3 million.
Interest is payable semi-annually on April 15 and October 15 commencing October 15, 2004.
•9.125% Senior Notes due August 15, 2016—The principal amount at maturity is $550 million.
Interest is payable semi-annually on February 15 and August 15 commencing February 15, 2007.
•9.50% Senior Notes due August 15, 2016—The principal amount at maturity is $1,350 million and
A180 million. Interest is payable semi-annually on February 15 and August 15 commencing
February 15, 2010.
• 8.375% Senior Notes due October 15, 2019—The principal amount at maturity is $600 million.
Interest is payable semi-annually on April 15 and October 15 commencing April 15, 2010.
• 8.875% Senior Notes due October 15, 2019—The principal amount at maturity is £350 million.
Interest is payable semi-annually on April 15 and October 15 commencing April 15, 2010.
On June 3, 2009, Virgin Media Finance PLC, or Virgin Media Finance, issued $750 million
aggregate principal amount of 9.50% senior notes due 2016 and A180 million aggregate principal
amount of 9.50% senior notes due 2016, collectively the 9.50% senior notes due 2016. The
9.50% senior notes due 2016 are unsecured senior obligations of Virgin Media Finance and rank
pari passu with Virgin Media Finance’s outstanding senior notes due 2014 and 2016. Interest is payable
on February 15 and August 15 of each year. The 9.50% senior notes due 2016 mature on August 15,
2016 and are guaranteed on a senior basis by Virgin Media Inc., Virgin Media Group LLC, Virgin
Media Holdings Inc., Virgin Media (UK) Group, Inc. and Virgin Media Communications Limited and
on a senior subordinated basis by Virgin Media Investment Holdings Limited, or VMIH, and Virgin
Media Investments Limited, or VMI. We used the net proceeds, together with cash on hand, to make
repayments totaling £608.5 million under our senior credit facility. On July 21, 2009, we issued an
additional $600 million aggregate principal amount of 9.50% senior notes due 2016 under the same
terms as the notes issued on June 3, 2009. We used the net proceeds, together with cash on hand, to
make repayments totaling £403.6 million under our senior credit facility.
On November 9, 2009, Virgin Media Finance issued $600 million aggregate principal amount of
8.375% senior notes due 2019 and £350 million aggregate principal amount of 8.875% senior notes due
2019. The senior notes due 2019 are unsecured senior obligations of Virgin Media Finance and rank
pari passu with Virgin Media Finance’s outstanding senior notes due 2014 and 2016. Interest is payable
on April 15 and October 15 of each year. The senior notes due 2019 mature on October 15, 2019 and
are guaranteed on a senior basis by Virgin Media Inc., Virgin Media Group LLC, Virgin Media
Holdings Inc., Virgin Media (UK) Group, Inc. and Virgin Media Communications Limited and on a
senior subordinated basis by VMIH and VMI. We used the net proceeds, together with cash on hand,
to make repayments totaling £658.8 million on our senior notes due 2014.
Subsequent to the year end, on January 19, 2010, our wholly owned subsidiary Virgin Media
Secured Finance PLC, issued $1.0 billion aggregate principal amount of 6.50% senior secured notes
due 2018 and £875 million aggregate principal amount of 7.00% senior secured notes due 2018. Interest
is payable on June 15 and December 15 each year, beginning on June 15, 2010. The senior secured
notes due 2018 rank pari passu with our senior credit facility and, subject to certain exceptions, share in
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