Liberty Media Announces Intended Private Offering Of $600M Of Convertible Senior Notes
Liberty Media also expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $90
Liberty Media is borrowing $600 million by selling special bonds that can turn into stock later. This helps the company get money now, but watch whether they use it to grow or if it means they needed cash.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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