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home / news releases / FWONA - Liberty Media closes offering of exchangeable debentures

FWONA - Liberty Media closes offering of exchangeable debentures

Liberty Media Corporation Series A
Liberty Media has closed its offering of $800M in 0.5% exchangeable senior debentures due 2050. About 8.879M shares of Live Nation common stock are attributable to the debentures. With 11.0983 shares of Live Nation (LYV) attributed to each $1,000 in principal, initial exchange price is $90.10 for each Live Nation share. Net proceeds are earmarked for general purposes, which may include repaying indebtedness including its 2.25% exchangeable senior debentures due 2048, and settlement of the call spread between Formula One Group (FWONA) and Liberty SiriusXM Group (LSXMA) related to 34.8M shares of Liberty's Live Nation common stock.

For further details see:

Liberty Media closes offering of exchangeable debentures
Stock Information
Company Name: Liberty Media Corporation Series A
Stock Symbol: FWONA
Market: NASDAQ
Website: libertymedia.com
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