secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Broadband Corp (LBRDA)
CIK:        0001611983
Form:       8-K
Filed at:   2026-05-14T20:16:19+00:00
Accession:  0001104659-26-061190
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611983/000110465926061190/0001104659-26-061190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611983/000110465926061190/tm2614689d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-061190

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