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BlackRock, Pimco, Sona Tap Counsel Over Virgin Media-Tied Deal
Source: Bloomberg
Regulation & LegislationCredit & Bond MarketsBanking & LiquidityLegal & LitigationCompany Fundamentals
Some of Virgin Media O2’s biggest creditors are seeking legal advice from Milbank LLP after a UK regulator raised concerns about a deal that would have provided the company with much-needed cash. The development may complicate the proposed financing, but the article provides no deal value, timeline, or market reaction.
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