secwatch.observer — SEC 8-K summary
======================================

Issuer:     Liberty Broadband Corp (LBRDA)
CIK:        0001611983
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001611983-25-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Broadband Q1: GCI revenue up 9% to $266M; spin-off on track
-------------------------------------------------------------------

- GCI revenue $266M (+9% YoY), operating income $56M (+51%), Adjusted OIBDA $111M (+23%).
- Business revenue grew 13% to $145M driven by schools/healthcare upgrade cycle; Consumer revenue up 3% to $121M.
- Received $300M from sale of 830k Charter shares to Charter from Feb-Apr 2025; proceeds for debt service.
- Issued redemption notice for $860M 3.125% exchangeable debentures due 2054, to be cash settled by May 2025.
- GCI refinanced credit facility: new $450M revolver due 2030 and $300M Term Loan A due 2031; leverage 2.8x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611983/000161198325000013/0001611983-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611983/000161198325000013/lbrda-20250507x8k.htm
  HTML page:      https://secwatch.observer/filing/0001611983-25-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer