This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Amendments to Virgin Media’s Senior Facilities Agreement Approved by Lenders 2009-10-30 11:00 ET - News Release  Company Website:
http://investors.virginmedia.com/phoenix.zhtml?c=135485&p=irol-irhome LONDON -- (Business Wire)
Virgin Media Inc. (NASDAQ:VMED) (LSE:VMED), a leading UK entertainment
and communications business, today announced that its senior lenders
have approved the proposed amendments in relation to its senior
facilities agreement. Virgin Media expects that the amendments will be
signed and become effective shortly.
These amendments will provide Virgin Media with additional financial
flexibility, which will support ongoing efforts to further strengthen
its capital structure. The principal aim of the amendments is to permit
the issuance of senior secured bonds, which would rank on a pari passu
basis with the existing senior bank facilities, in order to refinance
part of the existing senior bank facilities and diversify the sources of
funding available to Virgin Media.
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