---
schema_version: "secwatch.filing_event.v1"
accession: "0001611983-23-000025"
form_type: "8-K"
ticker: "LBRDA"
cik: "0001611983"
company_name: "Liberty Broadband Corp"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:16:20.226312+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Liberty Broadband amends $2.3B margin loan; maturity extended to May 2026, spread increased

## Summary
- 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.

## SEC filing metadata
- accession: 0001611983-23-000025
- form_type: 8-K
- ticker: LBRDA
- cik: 0001611983
- company_name: Liberty Broadband Corp
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611983/000161198323000025/0001611983-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611983/000161198323000025/lbrda-20230517x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001611983-23-000025
- JSON: https://secwatch.observer/filing/0001611983-23-000025.json
- Plain text: https://secwatch.observer/filing/0001611983-23-000025.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1611983/000161198323000025/0001611983-23-000025-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.