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Crédit Agricole CIB supports Virgin Media in its ongoing debt maturity management
Crédit Agricole CIB was mandated by Virgin Media, together with the company’s other key relationship banks, as mandated lead arranger and bookrunner of new debt facilities. Closed in March and April 2010, these facilities totalled GBP 1.925 billion comprising of:
- GBP 1 billion TLA (Term Loan A) – maturity June 2015,
- GBP 250 million RCF (Retained Cash Flow) – maturity June 2015,
- GBP 675 million TLB (Term Loan B) – maturity December 2015.
This comes after the successful completion of a GBP 1.5 billion senior secured bond offering by the company in January 2010. Crédit Agricole CIB acted in this deal as book-running lead manager.
Crédit Agricole CIB is delighted to have played a major role in the highly successful debt refinance programme of its long standing customer Virgin Media.
Virgin Media is a leading UK entertainment and communications business.