Liberty Interactive Corp. Announces Proposed Private Offering of New Exchangeable Senior Debentures & Retirement of 3.125% Ex...
02 Abril 2013 - 5:01PM
Business Wire
Liberty Interactive Corporation ("Liberty") (Nasdaq: LINTA,
LINTB, LVNTA, LVNTB) announced today that it intends to retire the
outstanding 3.125% Exchangeable Senior Debentures due 2023 (the
“old debentures”) of its wholly owned subsidiary Liberty
Interactive LLC (the “Company”). Liberty expects to obtain a
portion of the funds for the retirement of the old debentures
through a private offering of new exchangeable senior debentures by
the Company.
The retirement of the old debentures may take the form of open
market purchases or privately negotiated transactions. To the
extent old debentures remain outstanding after the closing of the
private offering of new debentures, Liberty presently intends to
call the old debentures for redemption.
The offering of the new debentures will not be registered under
the Securities Act of 1933, as amended (the “Securities Act”) or
any state securities laws and unless so registered may not be
offered or sold in the United States except pursuant to an
exemption from the registration requirements of the Securities Act
and applicable state securities laws. The private offering will
only be made to “Qualified Institutional Investors”, as that term
is defined in the Securities Act. This press release does not
constitute an offer to sell or the solicitation of an offer to buy
the new debentures.
The old debentures are attributed to Liberty’s Ventures tracking
stock group.
Forward-Looking Statements
This press release includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements about the intended launch of a
private offering, the use of proceeds therefrom and Liberty’s
present intention regarding redemption of the old debentures. These
forward-looking statements involve many risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied by such statements, including, without
limitation, general market conditions. These forward looking
statements speak only as of the date of this press release, and
Liberty expressly disclaims any obligation or undertaking to
disseminate any updates or revisions to any forward-looking
statement contained herein to reflect any change in Liberty’s
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.
Please refer to the publicly filed documents of Liberty, including
its most recent Form 10-K, for risks and uncertainties related to
Liberty.
Liberty Interactive Corp. - Series A Liberty Ventures (delisted) (NASDAQ:LVNTA)
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