Liberty Media alters attribution of $1.14 billion 3.125% exchangeables

By Susanna Moon

Chicago, Feb. 14 - Liberty Media Corp. said its board of directors approved the change in attribution to the Liberty Interactive tracking stock group of about $1.14 billion principal amount of Liberty Media LLC's 3.125% exchangeable senior debentures due 2023.

The change in attribution from the Liberty Capital tracking stock group was effective Feb. 9 and has no effect on the assets and liabilities attributed to the Liberty Starz tracking stock group. It also has no effect on the obligor of the exchangeables, which remains Liberty Media LLC.

The notes are exchangeable into a basket of securities, which comprise 21,785,130 shares of Time Warner Inc. common stock, 5,468,254 shares of Time Warner Cable Inc. common stock, 1,980,425 shares of AOL, Inc. common stock and $263.8 million of cash.

Liberty Media owns interests in a range of electronic retailing, media, communications and entertainment businesses and is based in Englewood, Colo.

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