Liberty Broadband为私募股权定价

2024-06-25 19:34

Liberty Broadband (NASDAQ:LBRDA) said it has priced and agreed to sell to initial purchasers in an upsized private offering $800 million aggregate original principal amount of its 3.125% exchangeable senior debentures due 2054 exchangeable for Charter Communications class A common stock.
The company has also granted the initial purchasers an option to purchase additional debentures in an aggregate original principal amount of up to $120 million.
2.5442 shares of Charter class A common stock will be attributable to each $1,000 original principal amount of debentures, which will represent an initial exchange price of ~$393.05 for each share of Charter class A common stock.
The firm added, a total of 2.04M shares of Charter class A common stock are attributable to the debentures.
The redemption and purchase price will generally equal 100% of the adjusted principal amount of the debentures plus accrued and unpaid interest to the redemption date, plus any final period distribution.

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