debt
confidence high
sentiment neutral
materiality 0.65
Liberty Broadband proposes $500M exchangeable senior debentures due 2054
Liberty Broadband Corp
- $500M principal ($575M with option) exchangeable for Charter Class A common stock.
- Debentures due 2054; Liberty may deliver Charter shares, cash, or combination on exchange.
- Net proceeds to repay existing debt and for general corporate purposes.
- Subsidiary plans to amend margin loan agreement to extend maturity to June 30, 2027.
- Offering is private, exempt from registration, offered only to Qualified Institutional Buyers.