Liberty Broadband prices $800M upsized 3.125% exchangeable debentures due 2054

Liberty Broadband Corp

Upsized private offering of $800M principal; initial purchasers have option to buy additional $120M.
Debentures exchangeable for Charter Communications Class A common stock at ~$393.05/share (2.5442 shares per $1,000).
Proceeds: repay ~$500M margin loan, repurchase ~$300M of existing 3.125% debentures due 2053, plus general corporate.
Expected close July 2, 2024; quarterly interest starts Dec 31, 2024; company callable after Dec 15, 2028.

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