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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COMM
PRCD
VMED
VMED O2 UK Financing I PLC€500
1EMEA
Jun 27, 2025
currency
EUR
size (m)
500.000
maturity
Apr 15, 2032
type
Fixed
tenor
6.750
call
1.75
registration
Private Placement
benchmark
-
ranking
Sr. Secured
moody's
Ba3
s&p
B+
fitch
BB+
size description
-
re-open/tap
No
ipt
-
ipt-pxd
-
guidance
-
spread
-
coupon
5.625%
spread set
-
price
-
yield
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
-
joint leads
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Redemption: 2027-04-15; Registration: Private Placement;
Deal Comments
Private placement: VMED O2 UK Financing I plc (Virgin Media O2) (VMED) EUR500m Reg S add-on to its 5.625% sr sec green notes due 04/15/32 (6.75y). NC1.75 (04/15/27) (MWC B+50bp), then at 102.813, 101.406, 100. Equity claw: 1.75y 40% 105.625. Special call: 10% per year the first 1.75 years at 103. Ba3/B+/BB+ (negative/stable/negative). Via Citi/GS jt books and jt placement agents. No reg rights. List ISE. New York law. Permanent ISIN: Reg S ISIN XS2796600307. The original EUR600m issue priced 03/26/2024. Issue price not disclosed. UOP: finance and/or refinance new and/or existing VMED O2 eligible green projects. Owners: Liberty Global 50% and Telfonica 50%. Biz: provides mobile, broadband and pay-TV services in the UK. HQ: London, UK.

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