Virgin Media 2009 Annual Report Download - page 209

VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 16—Industry Segments (Continued)
consolidated in VMIH. The reconciliation of total segment contribution to our consolidated operating
income (loss) is as follows (in millions):
Year ended December 31,
2009 2008 2007
Total segment contribution ................... £2,193.4 £2,134.2 £2,152.2
Other operating and corporate costs ........... 832.7 832.5 871.8
Restructuring and other charges .............. 40.4 22.7 28.7
Depreciation ............................ 930.5 902.8 922.3
Amortization ............................ 243.1 285.8 301.0
Goodwill and intangible asset impairment ....... 4.7 362.2 —
Operating loss of companies not consolidated in
VMIH............................... (6.4) (8.1) (21.8)
Consolidated operating income (loss) ............ £ 148.4 £ (263.7) £ 50.2
Note 17—Subsequent Events
On January 19, 2010, our wholly owned subsidiary, Virgin Media Secured Finance PLC, issued
approximately £1.5 billion equivalent aggregate principal amount of senior secured notes in a private
placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act, and outside
the United States to certain non-U.S. persons pursuant to Regulation S under the Securities Act. The
notes were issued by Virgin Media Secured Finance PLC in two tranches: $1.0 billion of 6.5% senior
secured notes due 2018 and £875 million of 7.0% senior secured notes due 2018, collectively referred to
as the senior secured notes. The net proceeds from the issuance of the senior secured notes was used
to prepay a portion of the outstanding loans under our senior credit facility, reducing the commitments
of the lenders under our senior credit facilities to approximately £1.6 billion equivalent as of
January 29, 2009.
The notes rank pari passu with our senior credit facility and, subject to certain exceptions, share in
the same guarantees and security as granted in favor of our senior credit facility.
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