UPC's $300 million Libor plus 350 bps term loan add-on talked 96 area

By Paul A. Harris

St. Louis, July 31 - Netherlands-based UPC Holdings BV set talk on a quick-to-market $300 million add-on to its Libor plus 350 basis points term loan T at the 96.00 area on Friday, according to market sources.

Books were expected to close before the end of the day.

J.P. Morgan Securities is leading the deal.

The $500 million term loan T matures in December 2016.

UPC is a wholly owned Europe-focused subsidiary of Englewood, Colo.-based Liberty Global, Inc., a provider of video, voice and broadband internet services.

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