Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for Liberty Interactive LLC > News item |
Liberty alters stocks underlying 0.75% senior exchangeables due 2043
By Toni Weeks
San Luis Obispo, Calif., June 9 – Liberty Interactive LLC, a subsidiary of Liberty Interactive Corp., said it has adjusted the reference shares underlying its 0.75% senior exchangeable debentures due 2043.
According to a press release, Time, Inc. shares have become additional reference shares underlying the debentures, effective June 6, as a result of the spin-off of Time, Inc. from Time Warner, Inc.
Previously, the debentures were exchangeable into shares of only Time Warner Cable, Inc. and Time Warner.
The distribution ratio in the spinoff was one Time share per eight shares of Time Warner held on the record date for the spinoff.
According to the release, the basket of securities currently underlying $1,000 principal amount of debentures is now comprised of 6.304 Time Warner Cable shares, 5.1635 Time Warner shares and 0.6454 Time shares.
Liberty Interactive owns interests in electronic retailing, media, communications and entertainment businesses. It is based in Englewood, Colo.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.