Liberty Broadband closes $860M exchangeable debenture offering, repays $540M margin loan

Liberty Broadband Corp

Closed private offering of $860M 3.125% exchangeable senior debentures due 2054, exchangeable for Charter common stock.
Proceeds used to repay $540M of margin loan borrowings and repurchase $300M of existing 3.125% debentures due 2053.
Initial exchange price ~$393.05 per Charter share; 2,188,012 Charter shares attributable to the debentures.
Margin loan agreement amended to extend scheduled maturity to June 30, 2027; $1.15B term loan and $180M revolver outstanding.
Interest on debentures payable quarterly starting Dec. 31, 2024; redeemable by issuer on or after Dec. 15, 2028.

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