Liberty Live exchanges $1 billion in debentures with certain holders

Liberty Live Holdings Inc. (NASDAQ: LLYVA, LLYVK) entered into privately negotiated exchange agreements with certain holders of its 2.375% Exchangeable Senior Debentures due 2053, the company announced.

Under the agreements, holders will exchange approximately $1.014 billion in outstanding principal amount of existing debentures for an equal principal amount of new 2.375% Exchangeable Senior Debentures due 2053. The aggregate principal amount of new debentures issued to each holder will equal the principal amount of old debentures they exchange.

The exchange transactions are expected to close on or about March 20, 2026, subject to customary closing conditions.

The new debentures will not be registered under the Securities Act of 1933 or state securities laws and may only be offered or sold pursuant to exemptions from registration requirements.

Liberty Live Holdings consists of its ownership in Live Nation, wholly owned subsidiary Quint and other minority investments, according to the company's statement.

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