Virgin Media 2012 Annual Report Download - page 186
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F-115
Financing implications of the Merger on our existing debt
Consummation of the merger would represent a change of control event under the terms of the relevant indentures of
all of the senior secured notes and senior notes issued by Virgin Media Secured Finance PLC, or VMSF, and Virgin
Media Finance PLC, or VMF, and obligate us to offer the noteholders the right to put their notes back to us at 101%
of the principal amount plus accrued interest. At the request of Liberty Global in order to facilitate the financing by
Liberty Global of the merger, on February 6, 2013, VMSF and VMF commenced consent solicitations in respect of
some of these notes for the noteholders to preemptively waive this obligation and to seek consents to effect certain
other proposed amendments in relation to the Transactions.
We have not solicited consents in relation to our 5.25% Senior Notes due 2022, our 4.875% Senior Notes due 2022
and our 5.125% Senior Notes due 2022 and will be required to repurchase these Notes within 30 days of the
consummation of the Merger.
Upon consummation of the merger our convertible notes will have the right to convert and receive the same consideration
that is received in the merger as the holders of Common Stock. The convertible holders will also be offered the right
to put their notes to the company at 100% of the principal amount plus accrued interest.
Table of Contents
VIRGIN MEDIA INVESTMENT HOLDINGS LIMITED AND SUBSIDIARIES
VIRGIN MEDIA INVESTMENTS LIMITED AND SUBSIDIARIES
COMBINED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (continued)
Note 13—Subsequent Events (continued)