Liberty Interactive Announces Adjustment to Reference Shares Underlying .75% Senior Exchangeable Debentures due 2043
09 Junho 2014 - 1:34PM
Business Wire
Liberty Interactive LLC ("Liberty"), a subsidiary of Liberty
Interactive Corporation (Nasdaq: LINTA, LINTB, LVNTA, LVNTB),
announced that an adjustment has been made to the reference shares
underlying its .75% Senior Exchangeable Debentures due 2043 (the
“Debentures”). Previously, the Debentures were exchangeable only
into shares of Time Warner Cable, Inc. (“TWC”) and Time Warner,
Inc. (“TWX”). As a result of the spin-off (the “Spin-Off”) of Time,
Inc. (“TIME”) from TWX, and pursuant to the terms of the indenture
covering the Debentures, the TIME shares have become additional
reference shares underlying the Debentures effective as of the
payment date for the Spin-Off, which was 11:59 p.m., New York City
time, on June 6, 2014.
The distribution ratio in the Spin-Off was 1 share of TIME for
each 8 shares of TWX held on the record date for the Spin-Off.
Accordingly, the following sets forth the basket of securities
currently underlying the Debentures.
Reference Shares
Reference Shares per $1,000principal
amount Debenture
TWC 6.3040
TWX 5.1635
TIME
0.6454
About Liberty Interactive LLC
Liberty Interactive LLC is a direct wholly owned subsidiary of
Liberty Interactive Corporation, owning interests in a broad range
of electronic retailing, media, communications, and entertainment
businesses.
Liberty InteractiveCourtnee Ulrich, 720-875-5420
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