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Article: Liberty Media Corporation Announces Issuance of $1 Billion in Senior Notes.
- Article from:
- PR Newswire
- Article date:
- April 30, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Liberty Media Corporation today announced that it is selling $1 billion of 10-year Senior Notes. Liberty Media expects to use the net proceeds from the offering for general corporate purposes.
The Notes will have a stated interest rate of 5.700% payable semi-annually on each May 15 and November 15. The Notes will be redeemable at the option of Liberty Media at the greater of par or a makewhole amount. The Notes have been rated BBB- by Standard & Poors and Fitch and Baa3 by Moody's. The securities will be sold in a registered offering and the Managing Underwriters are Lehman Brothers Inc., Citigroup Global Markets Inc., and Merrill Lynch & Co.
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