Liberty Global holders tender 99.8% of convertibles in exchange offer

By Angela McDaniels

Tacoma, Wash., June 16 - Liberty Global, Inc. said $933.1 million principal amount, or 99.8%, of its $935 million 4.5% convertible senior notes due 2016 were tendered in its exchange offer.

The exchange offer ended at 5 p.m. ET on June 15, according to an 8-K filing with the Securities and Exchange Commission.

In exchange for each $1,000 principal amount, holders will receive 28.2602 series A shares, 9.4201 series C shares and $200 in cash.

The company also will pay in cash accrued interest up to but excluding the settlement date, which is expected to be June 20.

Notes accepted for exchange will be canceled.

Georgeson (866 482-4931) was the information agent.

Liberty Global is an Englewood, Colo.-based cable operator.

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