Liberty Broadband (LBRDA) Announces Proposed Debentures Offering

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Liberty Broadband Corporation Announces Proposed Private Offering of Exchangeable Senior Debentures

June 24, 2024 7:00 AM EDT

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Liberty Broadband Corporation (Liberty Broadband) (Nasdaq: LBRDA, LBRDK, LBRDP) announced today that it intends to offer $500 million aggregate original principal amount of exchangeable senior debentures due 2054 (the Debentures), exchangeable for Charter Communications, Inc. (Charter) Class A common stock, in a private offering (or up to $575 million aggregate original principal amount of Debentures if the initial purchasers for the offering exercise in full their option to purchase additional Debentures). The Debentures will be exchangeable at the option of holders during specified periods. Upon an exchange of Debentures, Liberty Broadband, at its option, may deliver shares of Charter... More