Commentary & Deal Flow

Virgin Media O2 Vendor Financing Notes VII DAC EUR/GBP benchmark size 144A (3c7)/Reg S vendor financing notes two-part. Existing B2/B-/B+. List Global Exchange Market. English law. 

- EUR benchmark size due 2033 (7y), NC3 (50%,25%,par). Via DB (B&D)/ING/MUFG jt physical books/IMI/NatWest/Sabadell/BBVA/BNP/Caixa/CA/RBC/StanChart jt books. Denoms: 100kx1k. 

- GBP benchmark size due 2033 (7y), NC3 (50%,25%,par). Via DB (B&D)IMI/NatWest jt physical books/ING/MUFG/Sabadell/BBVA/BNP/Caixa/CA/RBC/StanChart jt books.Denoms: 100kx1k. 

Investor call at 11am UKT 01/26. Pricing 01/27. UOP: fully or partially refinance the 2028 VFNs. Owners: Liberty Global 50% and Telfonica 50%. Biz: an SPV of Virgin Media, which provides mobile, broadband and pay-TV services in the UK. HQ: London, UK.

Investor call registration: https://www.netroadshow.com/events/login/LE9zwo3gnwAnZOrK5C9SH3VThYfWyFdrMC8.