Cable Operators

UGC Announces Note Sale

4/02/2004 7:45 AM Eastern

UnitedGlobalCom Inc. announced Friday that it will sell 500 million Euros ($615 million) of its 1 3/4% convertible senior notes due April 15, 2024, aiming for gross proceeds of approximately 500 million Euros.

The notes will be convertible into shares of UGC's class-A common stock at an initial conversion price of 9.7561 Euros ($12) apiece.