Loan & DebtAug 13, 2026, 04:47 PM
Liberty Media Prices $690M Convertible Senior Notes Due 2032
AI Summary
Liberty Media Corporation announced the pricing and sale of $690 million aggregate principal amount of 2.375% Senior Convertible Notes due 2032. The notes, which include an option exercised in full by initial purchasers, have an initial conversion price of $138.68 per share of FWONK. The company expects to receive approximately $680 million in net proceeds, which will be used to fund capped call transactions related to its 2027 Notes and for general corporate purposes, including the repayment of the 2027 Notes.
Key Highlights
- Priced $690 million aggregate principal amount of 2.375% Senior Convertible Notes due 2032.
- Initial conversion rate of 7.2106 shares of FWONK per $1,000 principal amount of Notes.
- Initial conversion price of approximately $138.68 per share of FWONK.
- Notes mature on August 15, 2032, with semi-annual interest payments.
- Net proceeds of approximately $680 million after deducting expenses.
- Proceeds to be used for capped call transactions and general corporate purposes, including repaying 2027 Notes.
- Entered into capped call transactions related to 2.25% Convertible Senior Notes due 2027.
Price Impact
More from FWONA