06.02.2013 17:41:00
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Lynx I Corp. -- Moody's assigns (P)Ba3 rating to GBP 4.4 billion worth of secured debt at Lynx I Corp. and VMIH Ltd; (P)B2 to GBP 578 million equivalent of senior notes at Lynx II Corp.
London, 06 February 2013 -- Moody's Investors Service today assigned a (P)Ba3 rating to Lynx I Corp. (Lynx I)'s proposed issuance of GBP 1.7 billion equivalent senior secured notes due 2021, and to the GBP 2.7 billion worth of proposed senior credit facility (excluding a GBP 250 million RCF due 2019 which is currently undrawn) at Virgin Media Investment Holdings Ltd. (VMIH). The agency has also assigned a (P)B2 rating to the GBP 578 million equivalent senior notes due 2023 to be issued by Lynx II Corp. (Lynx II) and a (P)Ba3 Corporate Family Rating to Lynx I (which takes into account the debt being issued at Lynx II).