FWONA - Liberty Media prices upsized private offering of $425M of 2.25% convertible senior notes due 2027

• Liberty Media Corporation has priced an upsized private offering of $425M of its 2.25% convertible senior notes due August 15, 2027.
• Initial purchasers granted an option to purchase up to an additional $50M of notes.
• Interest will be payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2023.
• The offering is expected to close on August 12, 202 and is expected to result in approximately $417M in net proceeds.
• The company expects to use the net proceeds to repurchase approximately $209M of its existing 1% cash convertible notes due 2023 and for general corporate purposes.

For further details see: