Liberty Global plc (NASDAQ:LBTYA) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

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Liberty Global plc (NASDAQ:LBTYA) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Item 2.03. Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

UPC Financing Partnership (the Facility AQ Borrower) and UPC
Broadband Holding B.V. (the Company) have entered into the
financing described below by way of an additional facility drawn
under the 1,072.0 million credit agreement originally dated
January 16, 2004 as amended from time to time (the Credit
Agreement). The Facility AQ Borrower is a direct subsidiary of
UPC Holding B.V. and UPC Holding B.V. is an indirect subsidiary
of Liberty Global plc.
On June 21, 2017, the Facility AQ Borrower, certain other
Obligors (as defined in the Credit Agreement) and The Bank of
Nova Scotia as facility agent entered into a 600.0 million
($670.1 million at the June 21, 2017 exchange rate) additional
facility accession agreement (the AQ Accession Agreement) to the
Credit Agreement. Under the terms of the AQ Accession Agreement,
certain lenders have agreed to provide a 600.0 million term loan
facility (Facility AQ) to the Facility AQ Borrower. The final
maturity date for Facility AQ will be June 15, 2029. Facility AQ
will bear interest at a fixed rate of 3.625%.
The net proceeds of such advances under Facility AQ were used to
prepay in full the Facility AO Advance (as defined in the
Additional Facility AO Accession Agreement) outstanding under the
600.0 million additional facility accession agreement dated
November 23, 2016 and entered into between the Facility AO
Borrower and the Additional Facility AO Lender (as defined
therein).
The AQ Accession Agreement provides that the lenders under
Facility AQ consent to the amendments to the covenants and other
provisions of the Credit Agreement and the Finance Documents (as
defined in the Credit Agreement) outlined in the AQ Accession
Agreement (including in the schedules thereto). Once the consent
of the requisite lenders is obtained under the Credit Agreement,
such amendments may be implemented at the election of the
Company.
The foregoing descriptions of Facility AQ and the transactions
contemplated thereby are not complete and are subject to and
qualified in their entirety by reference to the AQ Accession
Agreement, a copy of which is attached hereto at Exhibit 4.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Name
4.1
Additional Facility AQ Accession Agreement dated June
21, 2017 and entered into between, among others, UPC
Financing Partnership, UPC Broadband Holding B.V. and
The Bank of Nova Scotia.



Liberty Global plc Exhibit
EX-4.1 2 exhibit41additionalfacilit.htm EXHIBIT 4.1 Exhibit Exhibit 4.1€600,…
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