Liberty Media Corporation Prices Private Offering of $600 Million of 2.375% Convertible Senior Notes Due 2032
Liberty Media priced a $600 million private offering of 2.375% convertible senior notes due 2032, with initial purchasers granted a 13-day option to buy up to an additional $90 million in aggregate principal amount. The notes are convertible into Series C common stock (FWONK) at a 35% premium to the last reported sale price, equating to an initial conversion price of approximately $138.68 per share.
Key figures
- Deal Value Usd
- 600000000
- Coupon rate
- 2.375%
- Net proceeds
- $591 million
- Maturity year
- 2032
- Conversion rate
- 7.2106 shares per $1,000
- Conversion price
- $138.68
- Conversion premium
- 35%
- Additional option amount
- $90 million
AI analysis
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