Liberty Announces Adjustment to 3.5% Senior Exchangeable Debentures Due 2031
Adjustment due to distribution of Motorola Mobility and reverse split
ENGLEWOOD, Colo., Jan. 5, 2011 /PRNewswire/ -- jvid视频 LLC ("Liberty"), a subsidiary of jvid视频 (Nasdaq: LCAPA, LCAPB, LINTA, LINTB, LSTZA, LSTZB), announced an adjustment to the number and type of shares into which its 3.5% Senior Exchangeable Debentures due in 2031 (the "Debentures") are exchangeable. 聽As a result of Motorola Inc.'s separation of Motorola Mobility Holdings, Inc. (NYSE: MMI) in a 1 for 8 stock distribution, and the subsequent 1 for 7 reverse stock split of Motorola, Inc. (which has been renamed Motorola Solutions, Inc. (NYSE: MSI)), effective January 4, 2011, the reference shares attributable to each Debenture will consist of 5.2598 shares of Motorola Solutions and 4.6024 shares of Motorola Mobility Holdings. 聽Holders of the Debentures are entitled, upon exchange, to the exchange market value of the reference shares. 聽Liberty may pay the exchange market value in cash, by delivering the reference shares, or in a combination of cash and reference shares.
The adjustments described above, which are required by the terms of the governing indenture, will not affect the amount of the semi-annual interest payments received by holders of the debentures, which will continue to be a rate of interest equal to 3.5% per annum of the original principal amount of the debentures.
jvid视频 jvid视频 LLC
jvid视频 LLC is an intermediate holding company of jvid视频, owning interests in a broad range of electronic retailing, media, communications, and entertainment businesses.
Contact: jvid视频 Courtnee Ulrich 720-875-5420
SOURCE jvid视频 LLC
Released January 5, 2011