Unitedglobalcom (NASDAQ:UCOMA)
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UnitedGlobalCom Announces 500 Million Euro Convertible Senior
Notes Offering
DENVER, March 31 /PRNewswire-FirstCall/ -- UnitedGlobalCom, Inc. ("UGC" or the
"Company") announced that it intends to sell 500 million euros aggregate
principal amount of its Convertible Senior Notes due 2024 (the "Notes"). The
Notes will be convertible into shares of UGC's Class A common stock. The
Company will grant the initial purchasers the option to acquire an additional
125 million euros of Notes.
Gross proceeds from the sale of the Notes will total approximately 500 million
euros ($615 million), or 625 million euros ($769 million) if the initial
purchasers exercise their option in full to acquire the additional Notes. UGC
plans to use the net proceeds of the offering for working capital and other
corporate purposes, including potential repayment of certain indebtedness of its
subsidiaries.
The Notes to be sold have not been registered under the Securities Act of 1933
and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
Cautionary Note Regarding Forward-Looking Statements. Except for historical
information contained in this press, this press release contains forward-looking
statements which involve certain risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by these
statements.
DATASOURCE: UnitedGlobalCom, Inc.
CONTACT: Richard S.L. Abbott of UnitedGlobalCom, Investor
Relations -- Denver, +1-303-220-6682,