Virgin Media 2009 Annual Report Download - page 84

notes due 2019 with a principal amount outstanding of £350 million, collectively, the senior notes due
2019. Interest on the senior notes due 2019 is payable on April 15 and October 15 of each year. 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. 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 Virgin Media Investments
Limited.
In June 2009, Virgin Media Finance issued U.S. dollar denominated 9.50% senior notes due 2016
with a principal amount outstanding of $750 million and euro denominated 9.50% senior notes due
2016 with a principal amount outstanding of A180 million. In July 2009, Virgin Media Finance issued
additional U.S. dollar denominated 9.50% senior notes due 2016 with a principal amount outstanding
of $600 million. The U.S. dollar denominated senior notes issued in June 2009 and July 2009,
respectively, are treated as a single issuance of the same notes under the indenture for these notes,
collectively, the 9.50% senior notes due 2016. Interest on the 9.50% senior notes due 2016 is payable
on February 15 and August 15 of each year. 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 2019 and its 9.125% senior notes due 2016. 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 VMIH and Virgin Media Investments
Limited.
In July 2006, Virgin Media Finance issued U.S. dollar denominated 9.125% senior notes due 2016
with a principal amount outstanding of $550 million. The 9.125% senior notes due 2016 are unsecured
senior obligations of Virgin Media Finance and rank pari passu with Virgin Media Finance’s
outstanding 9.50% senior notes due 2016 and its senior notes due 2014 and 2019. Interest on the
9.125% senior notes due 2016 is payable on February 15 and August 15 of each year. The 9.125%
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 VMIH and Virgin
Media Investments Limited.
In April 2004, Virgin Media Finance issued U.S. dollar denominated 8.75% senior notes due 2014
with a principal amount outstanding of $425 million, sterling denominated 9.75% senior notes due 2014
with a principal amount outstanding of £375 million, and euro denominated 8.75% senior notes due
2014 with a principal amount outstanding of A225 million, collectively, the senior notes due 2014.
Interest is payable on the senior notes due 2014 on April 15 and October 15 of each year. The senior
notes due 2014 mature on April 15, 2014 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 Virgin Media
Investments Limited. In December 2009, we partially redeemed our senior notes due 2014 using the
proceeds from the offering of senior notes due 2019 which we issued in November 2009. Following this
partial redemption, the U.S. dollar denominated senior notes due 2014 have a principal amount
outstanding of $89.3 million, the sterling denominated senior notes due 2014 have a principal amount
outstanding of £78.8 million, and the euro denominated senior notes due 2014 have a principal amount
outstanding of A47.3 million, totalling an aggregate principal outstanding amount of £176.0 million
(based on sterling equivalent amounts on December 31, 2009).
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