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Liberty Media Announces Quarterly Interest Payment.

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Vincent

INTERNET BUSINESS NEWS-(C)1995-2021 M2 COMMUNICATIONS

Liberty Media Corporation (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) has announced the payment of a quarterly interest payment to the holders as of December 15, 2020 of its 2.25% Exchangeable Senior Debentures due 2046 (the "Debentures"), the company said.

The amount of the quarterly interest payment is USD 5.625 per USD 1,000 original principal amount of Debentures. As of December 31, 2020, the aggregate adjusted principal amount outstanding is approximately USD 203 million, after giving effect to today's quarterly interest payment.

Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced in an amount equal to each Extraordinary Additional Distribution that is made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive quarterly interest payment date to the extent necessary to cause the quarterly interest...

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