GCI Liberty completes $300 million rights offering

GCI Liberty Inc. (NASDAQ: GLIBA, GLIBK) completed its rights offering, raising approximately $300 million in proceeds, according to a company statement. The offering expired on December 17, 2025, at 5:00 p.m. New York time.

The rights offering was fully subscribed, with 11,059,127 shares of Series C GCI Group common stock issued to rightsholders who exercised basic and oversubscription privileges. Approximately 95% of the shares were subscribed through basic subscription privileges, with remaining shares allocated pro rata among oversubscribing rightsholders.

GCI Liberty issued the shares on December 23, 2025. The company expects the subscription agent to distribute refunds for unfulfilled oversubscriptions to DTC participants and mail refund checks to registered holders on December 23, 2025.

The proceeds will be used for general corporate purposes, including working capital, capital expenditures, and repayment or refinancing of outstanding debt. GCI Liberty may also use a portion of the proceeds for potential strategic acquisitions, investments, or partnerships.

GCI Liberty operates through its wholly owned subsidiary GCI, LLC, which provides data, voice, and managed services to consumer and business customers throughout Alaska. The company serves more than 200 communities and has invested $4.7 billion in its Alaska network and facilities over 45 years.

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