Liberty Media Prices Private Note Offering

Prices Note Offering

LIBERTY MEDIA CORPORATION has priced its private offering of $900 million aggregate principal amount of its 1.375% Cash Convertible Senior Notes due 2023. The sale is intended to fund privately negotiated cash convertible note hedge and warrant deals and to pay down a portion of its outstanding margin loans, with the rest expected to be used for general corporate purposes.

The company has also granted an option to the initial purchasers to purchase additional notes with an aggregate principal amount of up to $100 million. The notes will mature on OCTOBER 15, 2023 and will be convertible, under certain circumstances, into cash based on the trading prices of the underlying shares of the company's Series A common stock.

The offering of the convertible notes is expected to close on OCTOBER 17th.

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