- 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.
For further details see:
Liberty Broadband to raise $1.1B in exchangeable senior debentures offering