Loan Amendments Announced by Virgin Media

The leading cable broadband service provider of the United Kingdom, Virgin Media has announced its seeking amendment to a few of the internet service provider’s existing loan deals with lenders.

The provider of superfast fibre optic broadband servicein the country has unveiled its searching for consent to amend its numerous existing agreements, where the principal outstanding loan of the company stood currently at GBP 3.1 billion.

It is also worth mentioning here that the ten top relationship financial bodies of the broadband provider that were planning to back up the existing loan refinancing over the near future, have been found supporting the plans unanimously.

Virgin Media’s chief executive officer Neil Berkett commented on the plans that their capital structure’s proactive management was being reflected by the relentless market confidence highlighting their business.

Berkett added that the changes effected on their senior facilities would further boos t their financial flexibility and enable the management to stress their operations enhancement even while continuing to generate sustained revenue as well as business growth.

Virgin Media is also one of the leading providers of the broadband plus TV bundle package in the UK.