- Liberty Media (LMCA) has priced an announced offering of senior debentures tied to Time Warner (TWX) stock.
- Liberty's agreed to sell $444.61M of 2.25% exchangeable senior debentures due 2046. Those debentures are exchangeable at Liberty's option into Time Warner stock, cash, or a combination.
- The shares of TWX attributable to a debenture represent an exchange price of $104.55/share, with about 4.25M shares of TWX attributable.
- Shares of LMCA are down 1.2% today; TWX is flat.
Liberty Media prices $444.6M debenture offering
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