UPC Broadband extends €536 million of term loan S to 2019

By Sara Rosenberg

New York, Feb. 23 - UPC Broadband extended on Thursday €535.5 million of its term loan S by three years to Dec. 31, 2019 by rolling the debt into a new facility AE, according to an 8-K filed with the Securities and Exchange Commission.

Pricing on the loan is Euribor plus 375 basis points, in line with prior pricing.

There is 101 call protection.

Lenders were offered a 25 bps fee for consents.

UPC is a subsidiary of Englewood, Colo.-based Liberty Global, which provides video, voice and broadband internet services.

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