Liberty Broadband Q2 GCI revenue flat at $246M; $860M debenture issuance in July

Liberty Broadband Corp

2024-Q2 EPS reported $3.05 revenue$491,000,000

GCI Q2 revenue flat at $246M; operating income $30M (-6% YoY); Adjusted OIBDA $86M (-7% YoY).
Fair value of Charter investment $13.7B as of June 30; maintained 26% fully diluted interest; sold 270k shares for $74M.
Issued $860M of 3.125% exchangeable senior debentures due 2054; used proceeds to repay $540M margin loan and repurchase $300M of 2053 debentures.
Charter margin loan amended, maturity extended to June 30, 2027; total Liberty Broadband debt $3.726B as of June 30.
No share repurchases in May-July; remaining buyback authorization ~$1.7B.

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