UPC rolling €1.2 billion of facility M lenders into new facility U

By Sara Rosenberg

New York, May 26 - UPC Broadband Holding BV is rolling about €1.2 billion of its existing facility M commitments into the new euro-denominated term loan U that was announced on May 15, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

The term loan U will mature on the earlier of Dec. 31, 2017 and Oct. 17, 2013 if the company has €250 million or more of its senior notes due 2014 outstanding.

Pricing on the term loan U is Euribor plus 400 basis points.

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

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