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Liberty Media makes quarterly payment on debentures

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Liberty Media makes quarterly payment on debentures

Liberty Media Corp. paid a quarterly interest payment to holders of its 2.25% exchangeable senior debentures due 2046.

The amount of the quarterly interest payment is $5.625 per $1,000 original principal amount of debentures, the company said Dec. 31.

As of Dec. 31, the debentures' aggregate adjusted principal amount outstanding is about $213 million, after giving effect to the quarterly interest payment.

To date, Liberty has made one extraordinary additional distribution to holders of the debentures. On June 22, 2018, Liberty made an extraordinary additional distribution of $514.1295 per $1,000 original principal amount of debentures, attributable to the cash consideration of $53.75 per share paid to former holders of common stock of Time Warner Inc. on June 15, 2018, in connection with AT&T Inc.'s acquisition of Time Warner Inc.

Liberty also announced that it paid holders of the debentures, as of Dec. 15, an excess regular cash dividend amount distribution of $3.0226 per debenture, attributable to the regular quarterly dividends paid by AT&T of 50 cents on Nov. 1.