When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
LBRDA - Liberty Broadband to raise $1.1B in exchangeable senior debentures offering
Liberty Broadband Corporation Class A Common Stock
Liberty Broadband ( NASDAQ: LBRDA ) plans to offer $1,100M in original principal amount of exchangeable senior debentures due 2053 exchangeable for Charter Communications Class A common stock, in a private offering.
If initial purchasers exercise their full option to purchase additional debentures then the total amount would be $1,265M.
Net proceeds along with existing cash on hand and/or borrowings will be used to repurchase any and all of the outstanding exchangeable senior debentures and for general corporate purposes.