Liberty Broadband borrows $359M from Charter; subsidiary waives margin loan adjustment rights

Liberty Broadband Corp

Initial term loan of $359M from Charter at Term SOFR + 2.00%, maturing ~6 months after merger close or termination.
Proceeds plus Charter's share repurchases used to repay $617M in principal and interest under margin loan facility.
Loan secured by equity interests of certain wholly owned subsidiaries; prepayable without penalty.
SPV subsidiary entered Limited Waiver with BNP Paribas, waiving Share Price Event adjustments for up to six months.
Loan guaranteed by Liberty Broadband's wholly owned subsidiaries; subject to customary covenants and events of default.

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