Liberty Announces Payment of Semi-Annual Interest Payment & Additional Distribution on 4.0% Senior Exchangeable Debentures Du...
15 Janeiro 2015 - 7:46PM
Business Wire
Liberty Interactive LLC ("Liberty"), a subsidiary of Liberty
Interactive Corporation (Nasdaq: QVCA, QVCB, LVNTA, LVNTB),
announces a semi-annual interest payment and additional
distribution to the holders of its 4.0% Senior Exchangeable
Debentures due 2029 (the "Debentures"). The amount of the
semi-annual payment was $20.00 per $1,000 original principal amount
of Debentures, and the amount of the additional distribution was
$0.8489 per Debenture. Under the Indenture for the Debentures, the
original principal amount of the Debentures is adjusted in an
amount equal to each extraordinary distribution made to holders of
the Debentures. Thereafter, the adjusted principal amount is
further reduced on each successive semi-annual interest payment
date to the extent necessary to cause the semi-annual interest
payment to represent the payment of an annualized yield of 4.0% of
the adjusted principal amount. This latter adjustment, to the
extent it is made by reason of a particular extraordinary
distribution that results in an adjustment to the principal amount
of the Debentures, takes effect on the second succeeding interest
payment date after the payment of that extraordinary
distribution.
To date, there has been one extraordinary distribution to
holders of the Debentures. On August 7, 2013, Liberty made an
extraordinary distribution of $63.0960 per $1,000 original
principal amount of Debenture arising from the merger transaction
between Sprint Nextel Corporation and SoftBank Corp.
Adjustments to the principal amount of the Debentures do not
affect the amount of the semi-annual payments received by holders
of the Debentures, which will continue to be a rate equal to 4.0%
per annum of the original principal amount of the Debentures. Below
is a detail of the amount of the payment being made on the
Debentures, its allocation between payment of interest and
repayment of principal and the revised adjusted principal amount
resulting from the payment, per $1,000 original principal amount of
the Debentures:
November 15,2014 BeginningAdjusted
Principal
TotalPayment
Interest
AdditionalPayment ofPrincipal
November 15,2014 EndingAdjusted
Principal
$935.6421 $20.0000
$18.7128
$1.2872 $
934.3549
Liberty also made an additional distribution of $0.8489 per
Debenture, attributable to the quarterly cash dividend paid by
CenturyLink Inc. on 6/20/14 and 9/12/14. The additional
distribution does not result in an adjustment to the adjusted
principal amount of the Debentures.
The semi-annual interest payment and additional distribution
were made on November 15, 2014 to holders of record of the
Debentures on November 1, 2014.
About Liberty Interactive LLC
Liberty Interactive LLC is an intermediate subsidiary of Liberty
Interactive Corporation, owning interests in a broad range of
electronic retailing, media, communications, and entertainment
businesses.
Liberty Interactive CorporationCourtnee Ulrich,
720-875-5420
Liberty Interactive Corp. - Series A Liberty Ventures (delisted) (NASDAQ:LVNTA)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Liberty Interactive Corp. - Series A Liberty Ventures (delisted) (NASDAQ:LVNTA)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024