Virgin Media insists: holdout bonds will not cramp our style
Virgin Media has clarified to EuroWeek its attitude to its legacy 2021 bonds, whose investors refused to give consent to waive their change-of-control put rights, after Liberty Global’s takeover bid for the company.
The $23.3bn takeover, aimed at forming the largest cable company in Europe, is still subject to shareholder approval and regulatory clearance. But if it goes through, the companys new financing structure is already largely in place.
The takeover of the UK cable provider by Liberty, the US cable investment
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