UCOMA Unitedglobalcom (MM)

UnitedGlobalCom Announces Sale of Euro 500 Million of 1 3/4% Convertible Senior Notes DENVER, April 2 /PRNewswire-FirstCall/ -- UnitedGlobalCom, Inc. ("UGC" or the "Company") announced that it has agreed to sell euro 500 millionaggregate principal amount of its 1 3/4% Convertible Senior Notes due April 15, 2024 (the "Notes"), for gross proceeds of euro 500 million (approximately $615 million). The Notes will be convertible into shares of UGC's Class A common stock at an initial conversion price of euro 9.7561 per share, which is equivalent to a conversion price of $12.00 per share. The Company has agreed to grant the initial purchaser of the Notes the option to acquire an additional euro 125 million of Notes. UGC plans to use the net proceeds of the Notes offering for working capital and other corporate purposes, which may include the repayment of indebtedness. The Notes and the underlying shares of UGC's Class A common stock 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, Investor Relations - Denver of UnitedGlobalCom, Inc., +1-303-220-6682,

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