Examples of Existing Senior Secured Notes in a sentence
The Existing Senior Secured Notes are senior secured obligations of Ziggo B.V. and are guaranteed on a senior secured basis by certain of its subsidiaries who also guarantee the Existing Credit Facility.
The Issuer and the Guarantors under the Existing Senior Secured Notes represent more than 80% of the consolidated total assets as of December 31, 2018 and more than 85% of the consolidated revenue of the Virgin Media Group for the year ended December 31, 2018.
Certain of the other direct and indirect subsidiaries of Virgin Media Senior Investments Limited are or will be guarantors of the VM Credit Facility, the Existing Senior Secured Notes and the Notes offered hereby, to the extent required under the terms thereof.
The Notes offered hereby will be general senior obligations of the Issuer and will rank pari passu in right of payment with any existing and future indebtedness of the Issuer that is not subordinated to the Notes (including the Existing Senior Secured Notes and the VM Credit Facility) and senior in right of payment to any existing and future subordinated obligations of the Issuer.
Virgin Media Secured Finance and the guarantors under the Existing Senior Secured Notes represent more than 70% of the consolidated total assets as of March 31, 2020 and more than 85% of the consolidated revenue of the Virgin Media Group for the three months ended March 31, 2020.