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Quotes & Info
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| LBTYA > SEC Filings for LBTYA > Form 8-K on 21-Nov-2012 | All Recent SEC Filings |
21-Nov-2012
Creation of a Direct Financial Obligation or an Obligation under an Off-Bala
UPC Broadband Holding B.V. (UPC Broadband Holding) is an indirect subsidiary of Liberty Global, Inc. On November 21, 2012, UPC Broadband Holding entered into a new additional facility accession agreement (the Additional Facility AF Accession Agreement) under UPC Broadband Holding's senior secured bank facility (as amended, the UPC Broadband Holding Bank Facility). Pursuant to the Additional Facility AF Accession Agreement, certain lenders under facility AB (Facility AB) of the UPC Broadband Holding Bank Facility (the Rolling AB Lenders) agreed to roll their existing Facility AB commitments into a new term loan facility of $500.0 million (Facility AF). The Rolling AB lenders will novate their existing Facility AB commitments to Liberty Global Services B.V. (Liberty Global Services), a direct subsidiary of UPC Broadband Holding, and will become lenders under the new Facility AF. Certain other new lenders (the New Lenders) agreed to make available commitments that will be used to repay amounts outstanding under Facility AB of the UPC Broadband Holding Bank Facility. The underwriters of Facility AF (the Underwriters) will enter into cash novation certificates under the Additional Facility AF Accession Agreement on behalf of the New Lenders. Liberty Global Services, the initial lender under Facility AF, will novate its Facility AF commitment to the Rolling AB Lenders and to the Underwriters, as applicable. The final maturity date for Facility AF will be January 31, 2021. Facility AF will bear interest at LIBOR plus 3.00% per annum with a LIBOR floor of 1.00%. The completion of the above transactions is subject to the execution of the applicable novation certificates by the relevant parties.
(d) Exhibits.
Exhibit No. Name
4.1 Additional Facility AF Accession Agreement, dated November 21, 2012,
among UPC Financing Partnership, The Bank of Nova Scotia as Facility
Agent and Security Agent and Liberty Global Services B.V. as Additional
Facility AF Lender, under the UPC Broadband Holding Bank Facility.
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