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Article: Liberty Media Corporation Announces Proposed Issuance of up to $1.75 Billion Senior Exchangeable Debentures.
- Article from:
- PR Newswire
- Article date:
- March 20, 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 announced that it intends to raise approximately $1.5 billion through an offering of 20-year exchangeable senior debentures that are exchangeable into shares of AOL Time Warner, Inc. common stock, the value of which can be paid, at Liberty Media's option, with AOL Time Warner, Inc. common stock, Liberty Media Corporation Series A common stock, cash or any combination thereof. The interest rate, the number of AOL shares of common stock for which the securities are exchangeable and the offering price are to be determined by negotiations between Liberty Media and the initial purchasers of the notes. Liberty may raise up to an additional $250 ...