SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 29, 2002
United Pan-Europe
Communications N.V.
(Exact name of registrant as specified in its charter)
The Netherlands
(State or Other Jurisdiction of Incorporation)
000-25365
(Commission File Number)
98-0191997
(I.R.S. Employer Identification Number)
Boeing Avenue 53
1119 PE, Schiphol Rijk
The Netherlands
(Address and zip code of principal executive offices)
(31) 20-778-9840
(Registrant's telephone number, including area code)
Item 5. Other Events
On July 29, 2002, United Pan-Europe Communications N.V. (the "Company") issued a
press release announcing that, further to the announcement made by
UnitedGlobalCom ("UGC") on July 24, 2002, regarding the Agreement in Principle
reached between UGC and the Bondholder Committee regarding the plan for the
recapitalisation of the Company, the bank lenders and UGC have extended until
September 12, 2002 the waivers of the defaults arising as a result of the
Company's decision not to make interest payments under its outstanding 10 7/8%
Senior Notes due 2009, 11 1/4% Senior Notes due 2010, 11 1/2% Senior Notes due
2010, 10 7/8% Senior Notes due 2007 and 11 1/4% Senior Notes due 2009. The terms
of the waivers remain unchanged from those announced on March 4, 2002.
On July 29, 2002, the Company also confirmed that, as part of its balance sheet
restructuring, it does not intend to make the interest payment of EUR 124
million due on August 1, 2002 on its outstanding 10 7/8% Senior Notes due 2009,
11 1/4% Senior Notes due 2010 and 11 1/2% Senior Notes due 2010. The non-payment
of interest on these senior notes will be covered by the default waivers
announced above. Withholding these interest payments is not expected to affect
the normal course of business for UPC's operating companies.
The full text of the press release is attached as Exhibit 99.1 hereto.
Item 7. Exhibits
Exhibit Number Description
99.1 Press Release dated July 29, 2002.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
UNITED PAN-EUROPE COMMUNICATIONS N.V.
By: /s/ ANTON A.M. TUIJTEN
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Name: Anton A.M. Tuijten
Title: Member of the Board of Management
and General Counsel
Dated: July 30, 2002