jvid视频

jvid视频 Announces Quarterly Interest Payment and Excess Regular Additional Distribution on 2.75% Exchangeable Senior Debentures Due 2049

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- jvid视频 (鈥淟iberty鈥�) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of August 15, 2023 of its 2.75% Exchangeable Senior Debentures due 2049 (the 鈥淒ebentures鈥�). The amount of the quarterly interest payment is $6.8750 per $1,000 original principal amount of Debentures, and the amount of the Excess Regular Additional Distribution is $1.2635 per $1,000 original principal amount of Debentures. As of September 1, 2023, the aggregate adjusted principal amount outstanding is approximately $586 million, after giving effect to today鈥檚 quarterly interest payment. Capitalized terms used but not defined herein have the meaning given to them in the Indenture for the Debentures.

Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced in an amount equal to each Extraordinary Additional Distribution that is made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive quarterly interest payment date to the extent necessary to cause the quarterly interest payment to represent the payment of an annualized yield of 2.75% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular Extraordinary Additional Distribution that results in a reduction to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that Extraordinary Additional Distribution.

To date, Liberty has made one Extraordinary Additional Distribution to holders of the Debentures. As previously announced, on March 4, 2022, Liberty made an Extraordinary Additional Distribution of $29.0057 per $1,000 original principal amount of Debentures, which was attributable to the special cash dividend paid on February 25, 2022 by Sirius XM Holdings Inc. (鈥淪IRI鈥�) to holders of its common stock of record as of the close of business on February 11, 2022.

Reductions to the principal amount of the Debentures do not affect the amount of the quarterly interest payments received by holders of the Debentures, which will continue to be a rate equal to 2.75% per annum of the original principal amount of the Debentures. Below is a detail of the amount of the quarterly interest payment being made on the Debentures, its allocation between payment of interest and repayment of principal and the revised adjusted principal amount of the Debentures resulting from such payment, per $1,000 original principal amount of the Debentures:

Liberty is also making an Excess Regular Additional Distribution to holders of the Debentures as of August 15, 2023 of $1.2635 per Debenture, which is attributable to the regular quarterly dividend paid by SIRI of $0.0242 per share on May 24, 2023. The payment of the Excess Regular Additional Distribution will not result in a reduction to the adjusted principal amount of the Debentures.

The quarterly interest payment and Excess Regular Additional Distribution are expected to be made on September 1, 2023 to holders of record of the Debentures as of August 15, 2023.

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jvid视频 operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Formula One Group and the Liberty Live Group. The businesses and assets attributed to the Liberty SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include jvid视频鈥檚 interest in SiriusXM. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include jvid视频鈥檚 subsidiary Formula 1 and other minority investments. The businesses and assets attributed to the Liberty Live Group (NASDAQ: LLYVA, LLYVK) include jvid视频鈥檚 interest in Live Nation and other minority investments.

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Shane Kleinstein
720-875-5432

Source: jvid视频

Released September 1, 2023