Liberty Interactive to retire 3.125% exchangeable debentures due 2023

By Toni Weeks

San Luis Obispo, Calif., April 2 - Liberty Interactive LLC will retire its remaining 3.125% exchangeable senior debentures due 2023 through open-market purchases or privately negotiated transactions, according to a press release from parent company Liberty Interactive Corp.

The company said a private offering of new exchangeable senior debentures will provide funds to retire a portion of the debentures.

Liberty also said it intends to redeem any debentures remaining after the transaction.

Liberty Interactive is a subsidiary of Liberty Interactive Corp., an Englewood, Colo.-based company that owns interests in electronic retailing, media communications and entertainment businesses.

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