UnitedGlobalCom Announces 500 Million Euro Convertible Senior Notes Offering
March 31 2004 - 8:55PM
PR Newswire (US)
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,
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