Deals
Virgin Media Said to Seek $8.3 Billion for Buyout by Liberty
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Virgin Media Inc. is said to be raising about $8.3 billion in bonds and loans to finance its acquisition by John Malone’s Liberty Global Inc.
Britain’s second-biggest pay TV company is marketing $3.6 billion of junk bonds in dollars and pounds, said a person familiar with the transaction, who asked not to be identified because the terms aren’t public. Virgin Media is also seeking $4.7 billion of loans as part of the fundraising arranged by Credit Suisse Group AG.