secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Broadband Corp (LBRDA)
CIK:        0001611983
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0001611983-23-000025
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611983/000161198323000025/0001611983-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611983/000161198323000025/lbrda-20230517x8k.htm
  HTML page:      https://secwatch.observer/filing/0001611983-23-000025

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