Liberty Media proposes $600M convertible senior notes due 2032

Liberty Media Corp

Proposes $600M aggregate principal of convertible senior notes due 2032; initial purchasers get 13-day option for extra $90M.
Notes convertible into cash, FWONK Series C shares, or combination at Liberty Media's election; senior unsecured.
Net proceeds to enter capped calls on its 2.25% Convertible Senior Notes due 2027 and for working capital/repayment.
Offered privately to Qualified Institutional Buyers under Rule 144A; interest rate and conversion rate set at pricing.

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