Pan-European cableco UPC Broadband has refinanced US$500m of existing debt.
The Liberty Global subsidiary is rolling up current commitments into a new term loan facility of US$500m, due to mature in 2021.
The facility bears interest at Libor plus 3%,…
Pan-European cableco UPC Broadband has refinanced US$500m of existing debt.
The Liberty Global subsidiary is rolling up current commitments into a new term loan facility of US$500m, due to mature in 2021.
The facility bears interest at Libor plus 3%, with a Libor floor of 1%.
JP Morgan led the refinancing with Citi and Scotiabank.
Scotiabank also acted as facility agent and security agent.
UPC Broadband operates triple-play services in a number of Western and Eastern European countries. It is a subsidiary of Nasdaq-listed Liberty Global which is headquarted in Colorado, USA.
