Liberty Broadband Corp (LBRDA): debt financing — Liberty Broadband amends $2.3B margin loan; maturity extended to May 2026, spread increased

Liberty Broadband Corp

SPV subsidiary entered Amendment No. 7 to margin loan agreement on May 17, 2023.
Outstanding borrowings: $1.15B term loans and $325M revolving loans; no new borrowings.
Maturity date extended to May 12, 2026; interest rate switches from LIBOR to SOFR.
Base Spread increased; conditions for releasing pledged Charter shares eased.
Pledged shares are Charter Communications (CHTR) shares held by SPV.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Liberty Broadband Corp amended credit facility of $1.15 billion with BNP Paribas, New York Branch, as administrative agent at 3-month SOFR rate plus a per annum spread maturing May 12, 2026.

Instrument: credit facility
Principal: $1.15 billion
Counterparty: BNP Paribas, New York Branch, as administrative agent
Rate: 3-month SOFR rate plus a per annum spread
Maturity: May 12, 2026
Event: amendment

Exact text from the filing

and the lenders party thereto from time to time (the “ Lenders ”). The Margin Loan Agreement provides for (x) a term loan credit facility in an aggregate principal amount of $1.15 billion (the “ Term Loan Facility ” and proceeds of such facility, the “ Term Loans ”), (y) a revolving credit facility in an aggregate principal amount of $1.15 billion (the “ Revolving

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Source: SEC EDGAR

accession 0001611983-23-000025

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