secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Broadband Corp (LBRDA)
CIK:        0001611983
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0001104659-24-074558
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611983/000110465924074558/0001104659-24-074558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611983/000110465924074558/tm2417826d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-074558

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