August 20, 2017 1:28 PM ET

Diversified Telecommunication Services

Company Overview of Virgin Media Investment Holdings Limited

Company Overview

Virgin Media Investment Holdings Limited provides entertainment and communications services to businesses, residential consumers, public sector organizations, and service providers in the United Kingdom. The company primarily offers quad-play broadband Internet, television, mobile telephony, and fixed line telephony services. It also provides TV on-demand, high definition television, and digital video recorder services. In addition, the company offers voice, data, and Internet solutions to leading businesses, public sector organizations, and service providers. Further, it provides mobile telephone services, such as mobile voice services and data services under the brand name Virgin Mobile to...

Media House

Bartley Wood Business Park

Bartley Way

Hook,  RG27 9UP

United Kingdom

Key Executives for Virgin Media Investment Holdings Limited

Senior Vice President of Finance
Age: 51
Principal Accounting Officer and Director
Age: 56
Compensation as of Fiscal Year 2017.

Virgin Media Investment Holdings Limited Key Developments

Virgin Media Investment Holdings Limited Amends and Restates the Credit Agreement with The Bank of Nova Scotia

Virgin Media Investment Holdings Limited (VMIH), as borrower, and The Bank of Nova Scotia as facility agent (Facility Agent), among others, are parties to a Senior Facilities Agreement, originally dated June 7, 2013, (as last amended and restated July 30, 2015, the Credit Agreement). On April 19, 2017, VMIH, acting for itself and as agent for each of the other obligors, and the Facility Agent entered into an amendment letter (Amendment Letter) to amend and restate the Credit Agreement (Credit Agreement, as amended and restated, the Amended Credit Agreement). Capitalized terms used below shall have the meaning given to them in the Amended Credit Agreement. The Amendment Letter amends and restates in full the Credit Agreement to, among other things, make changes to the financial covenants, widen the scope of certain exceptions to the negative covenants, revise the change of control provision to allow for certain internal restructurings, amend certain default provisions and make administrative and consequential changes. The Amended Credit Agreement provides for the future incurrence of additional term loan and revolving credit facilities thereunder; however, no additional indebtedness was incurred at the time of the effectiveness of the Amended Credit Agreement. All other terms of the Credit Agreement remain in full force and effect under the Amended Credit Agreement, and all loans and commitments outstanding under the Credit Agreement continue to be outstanding under the Amended Credit Agreement.

Virgin Media Investment Holdings Ltd. Enters into Two Additional Term Loan Facility Accession Agreements

Virgin Media Investment Holdings Ltd. on March 31 entered into two additional term loan facility accession agreements, the additional facility G accession agreement and the additional facility H accession agreement, under the VM credit facility. Pursuant to the additional facility G accession agreement, a lender agreed to provide a new term loan facility of EUR 75 million. The final maturity date for facility G is Jan. 15, 2022. Facility G bears interest at a rate of EURIBOR plus 3.00% subject to a EURIBOR floor of 0.75%. Pursuant to the additional facility H accession agreement, a lender agreed to provide a new term loan facility of EUR 25 million. The final maturity date for facility H is March 31, 2021. Facility H bears interest at a rate of EURIBOR plus 3.75%, subject to a EURIBOR floor of 0%.

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