UPC Holding talks €300 million nine-year notes at 7¾% area, to price Friday

By Paul A. Harris

St. Louis, July 21 - UPC Holding BV (Liberty Global Inc.) talked its €300 million offering of nine-year senior notes (B3/CCC+) at 7¾% area on Thursday, according to a market source.

The notes are expected to price on Friday.

Credit Suisse First Boston has the books for the Rule 144A/Regulation S offering.

The notes will come with three years of call protection.

Proceeds will be used for general corporate purposes.

Liberty Global, which has headquarters in Denver, owns interests in broadband distribution and content companies operating outside the continental United States, principally in Europe, Asia and the Americas.

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