Pan-European cableco UPC has issued a US$500m additional term loan facility due December 2017 through special purpose vehicle UPC Financing Partnership.
According to ratings agency Moody’s, which gave the debt a Ba3 rating today, the proceeds of the…
Pan-European cableco UPC has issued a US$500m additional term loan facility due December 2017 through special purpose vehicle UPC Financing Partnership.
According to ratings agency Moody’s, which gave the debt a Ba3 rating today, the proceeds of the new loan will repay some of its outstanding revolver drawings.
No further financial details were disclosed, and the group, which is owned by US media giant Liberty Global, was not immediately available to comment.
