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home / news releases / FWONA - Liberty Media prices $800M in upsized exchangeable debenture offering

FWONA - Liberty Media prices $800M in upsized exchangeable debenture offering

Liberty Media Corporation Series A
Liberty Media (FWONA -0.2%) has priced an upsized offering of $800M in senior debt. The company's offering that amount in 0.5% exchangeable senior debentures due 2050, with 11.0983 shares of Live Nation (LYV -1.2%) common stock attributable to each $1,000 in debentures. (On exchange, Liberty can deliver Live Nation stock or cash.) That makes for an initial conversion price of $90.10 for each share of Live Nation, a 40% premium. Liberty has also granted original purchasers an option to buy up to $120M in additional debentures.

For further details see:

Liberty Media prices $800M in upsized exchangeable debenture offering
Stock Information
Company Name: Liberty Media Corporation Series A
Stock Symbol: FWONA
Market: NASDAQ
Website: libertymedia.com
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