UPC Financing gets $521.2 million term loan P

By Sara Rosenberg

New York, Sept. 12 - UPC Financing Partnership closed on a new $521.2 million five-year additional term loan P, according to an 8-K filed with the Securities and Exchange Commission Friday.

Toronto Dominion is the agent on the deal.

Pricing on the loan is Libor plus 275 basis points.

Lenders under parent Liberty Global Inc.'s $215 million revolver have rolled their commitments into the term loan P and the revolver was canceled.

In addition, certain of the lenders under the €250 million additional facility I under the UPC Broadband Holding credit facility have entered into the new term loan P.

Proceeds from the loan, which was drawn on Friday, are being used for general corporate and working capital purposes.

Parent company, Liberty Global, is an Englewood, Colo.-based provider of video, voice and broadband internet services.

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