UPC Bondholder Committee Taps Greenhill As Financial Advisor

  • 10 Mar 2002
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The bondholder committee of financially distressed Dutch cable operator United Pan-Europe Communications (UPC) has tapped Greenhill & Co. as a financial advisor in its negotiations with the company. A member of the committee says Greenhill has been searching for a strategic investor to pay down a E1 billion exchangeable loan held by UPC parent UnitedGlobalCom (UGC). The committee member has expressed concern that UGC intends to use the loan to gain a disproportionate equity stake in the restructured company (BW, 2/11). He says several potential investors have expressed interest in paying down the loan. However, he would not name the investors. Michael Kramer, a partner in Greenhill's New York office working with the committee, did not return calls.

  • 10 Mar 2002

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2 Citi 4,288 14 10.60
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4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

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