Liberty Media Corp.'s Buyout of UCG Founding Shareholders Has No Effect on Rating - S&P Global Ratings’ Credit Research

Liberty Media Corp.'s Buyout of UCG Founding Shareholders Has No Effect on Rating

Liberty Media Corp.'s Buyout of UCG Founding Shareholders Has No Effect on Rating - S&P Global Ratings’ Credit Research
Liberty Media Corp.'s Buyout of UCG Founding Shareholders Has No Effect on Rating
Published Aug 19, 2003
652 words — Published Aug 19, 2003
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Abstract:

NEW YORK (Standard&Poor's) Aug. 19, 2003--Liberty Media Corp.'s equity-financed buyout of the founding shareholders of UnitedGlobalCom Inc. (UGC), termination of a voting agreement with the founding shareholders, and plans to consolidate UGC and its key unit, United Pan-Europe Communications N.V. (UPC), do not affect the 'BBB-/Stable/--' rating of Liberty, nor the 'C/CreditWatch Developing/-- C/CreditWatch Developing/--' rating of UPC Distribution Holding B.V. The transaction brings Liberty's equity ownership to 75% on an economic basis and 96% on a voting basis. Liberty will consolidate on its balance sheet nearly $4 billion of UGC/UPC debt (excluding about $3.3 billion of UPC obligations subject to UPC's pending bankruptcy proceedings). Standard&Poor's Ratings Services' analysis of Liberty considers both the inclusion of

  
Brief Excerpt:

RESEARCH Liberty Media Corp.'s Buyout of UCG Founding Shareholders Has No Effect on Rating Publication date: 19-Aug-2003 NEW YORK (Standard & Poor's) Aug. 19, 2003--Liberty Media Corp.'s equity-financed buyout of the founding shareholders...

  
Report Type:

Bulletin

Ticker
733237Z
Issuer
Liberty Interactive Corp.
GICS
Broadcasting & Cable TV (25401020)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Liberty Media Corp.'s Buyout of UCG Founding Shareholders Has No Effect on Rating" Aug 19, 2003. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Liberty-Media-Corp-s-Buyout-of-UCG-Founding-Shareholders-Has-No-Effect-on-Rating-328884>
  
APA:
S&P Global Ratings’ Credit Research. (). Liberty Media Corp.'s Buyout of UCG Founding Shareholders Has No Effect on Rating Aug 19, 2003. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Liberty-Media-Corp-s-Buyout-of-UCG-Founding-Shareholders-Has-No-Effect-on-Rating-328884>
  
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