Liberty Global Files 8K - Direct Or Off-Balance Sheet Financial Obligation

Liberty Global PLC (LBTYA) filed a Form 8K - Direct or off-Balance Sheet Financial Obligation - with the U.S Securities and Exchange Commission on April 09, 2014.

As of December 31, 2013, Liberty Global plc indirectly owned 57.4% of Telenet Group Holding NV (Telenet). On April 9, 2014, Telenet NV, a subsidiary of Telenet, entered into two additional term loan facility accession agreements (the Additional Facility W Accession Agreement and the Additional Facility Y Accession Agreement), under the senior credit facility of Telenet (the Telenet Credit Facility). On April 11, 2014, Telenet NV entered into an additional revolving credit facility accession agreement (the Additional Facility X Accession Agreement) under the Telenet Credit Facility.

Pursuant to the Additional Facility W Accession Agreement, certain lenders agreed to provide a new term loan facility in an aggregate principal amount of 474.1 million ($654.7 million at the transaction date) (Facility W). In connection with these transactions, certain lenders under the existing Facilities Q, R or T under the Telenet Credit Facility agreed to novate their existing Facility Q, R or T commitments, as applicable, in an aggregate amount of 442.8 million ($611.5 million a the transaction date), to Telenet Luxembourg Finance Centre S.a.r.l (Telenet Luxembourg), a subsidiary of Telenet NV, and to enter into the new Facility W. In addition, certain new lenders agreed to provide commitments for 31.3 million ($43.2 million at the transaction date), the remaining amount under Facility W, and to enter into the new Facility W. Once the facility agent is satisfied that certain documentation, including legal opinions, has been provided on behalf of the borrower and obligors pursuant to the Additional Facility W Accession Agreement, Facility W will be available to be drawn for a period of 20 business days. The final maturity date for Facility W will be June 30, 2022. Facility W will bear interest at a rate of EURIBOR plus 3.25%.

Pursuant to the Additional Facility Y Accession Agreement, certain lenders agreed to provide a new term loan facility in an aggregate principal amount of 882.9 million ($1,219.2 million at the transaction date) (Facility Y). In connection with these transactions, certain lenders under the existing Facilities Q, R or T under the Telenet Credit Facility agreed to novate their existing Facility Q, R or T commitments, as applicable, in an aggregate amount of 340.5 million ($470.2 million at the transaction date), to Telenet Luxembourg and to enter into the new Facility Y. In addition, certain new lenders agreed to provide commitments for 542.4 million ($749.0 million at the transaction date), the remaining amount under Facility Y, and to enter into the new Facility Y. Once the facility agent is satisfied that certain documentation, including legal opinions, has been provided on behalf of the borrower and obligors pursuant to the Additional Facility Y Accession Agreement, Facility Y will be available to be drawn for a period of 20 business days. The final maturity date for Facility Y will be June 30, 2023. Facility Y will bear interest at a rate of EURIBOR plus 3.50%.

Pursuant to the Additional Facility X Accession Agreement, certain lenders agreed to provide a new revolving loan facility in an aggregate principal amount of 286.0 million ($397.5 million at the transaction date) (Facility X). In connection with these transactions, certain lenders under the existing Facility S under the Telenet Credit Facility agreed to novate their existing Facility S commitments, as applicable, in an aggregate amount of 120.2 million ($167.0 million at the transaction date), to Telenet Luxembourg and to enter into the new Facility X. In addition, certain new lenders agreed to provide commitments for 165.8 million ($230.4 million at the transaction date), the remaining amount under Facility X, and to enter into the new Facility X. Once the facility agent is satisfied that certain documentation, including legal opinions, has been provided on behalf of the borrower and obligors pursuant to the Additional Facility X Accession Agreement, Facility X will be available to be drawn for a period of 20 business days. The final maturity date for Facility X will be June 30, 2023. Facility X will bear interest at a rate of EURIBOR plus 2.75%.

The foregoing descriptions of the W Accession Agreement, the Y Accession Agreement and the X Accession Agreement and the transactions contemplated thereby are not complete and are subject to and qualified in their entirety by reference to the W Accession Agreement, the Y Accession Agreement and the X Accession Agreement, copies of which are attached hereto as Exhibits 4.1, 4.2 and 4.3, respectively, and the terms of which are incorporated herein by reference.

The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1570585/000157058514000072/a8-kapril152014telenetaddl.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1570585/000157058514000072/0001570585-14-000072-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.

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