secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Media Corp (FWONA)
CIK:        0001560385
Form:       8-K
Filed at:   2026-08-13T20:38:33+00:00
Accession:  0001104659-26-095991
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Media prices $690M 2.375% convertible notes due 2032; conversion at $138.68
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- $690M aggregate principal of 2.375% Senior Convertible Notes due 2032; $90M option exercised in full by initial purchasers.
- Notes convertible into FWONK at $138.68/share (7.2106 shares per $1,000), ~35% premium to $102.73 Aug 10 close.
- Net proceeds ~$680M; used for capped call costs on 2027 Notes, working capital, and repayment of 2027 Notes.
- Concurrently entered capped call transactions on 2.25% 2027 Notes to offset dilution/cash payments on conversion.
- Matures Aug 15, 2032; interest semi-annual from Feb 15, 2027; redeemable from Aug 20, 2029 if FWONK ≥130% of conversion price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560385/000110465926095991/0001104659-26-095991-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560385/000110465926095991/tm2622631d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-095991

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