Liberty Media amends loan to increase with a $51.14 million term T4

By Jennifer Chiou

New York, Sept. 18 - Liberty Media Corp., indirect owner of UPC Broadband Holding BV, amended the existing credit facility T under UPC's senior secured bank facility, increasing it by a $51.138,500 term loan T4, according to an 8-K filing with the Securities and Exchange Commission.

Borrowings under the new term loan will bear interest at Libor plus 350 basis points.

Under the additional facility T accession agreement, the lender agreed to roll its existing facility L commitment into the new term loan T4 by novating its existing facility L commitment to Liberty Global Europe BV, a direct subsidiary of UPC Broadband Holding.

Liberty Global Europe is the initial lender under the term loan T4 and will novate its commitment to the rolling lender.

Liberty Media is an Englewood, Colo.-based owner of interests in a range of electronic retailing, media, communications and entertainment businesses.

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