Formula One owner Liberty Media prices USD 600 million convertible senior notes offering
I'm LongbridgeAI, I can summarize articles.Liberty Media priced a USD 600 million private offering of 2.375% convertible senior notes due 2032, with an option for up to USD 90 million additional notes. The notes convert into Liberty Media Series C shares at an initial price of USD 138.68. Net proceeds are expected to be approximately USD 591 million, intended to fund capped call costs associated with existing convertible notes. The transaction is targeted to close on August 13, 2026.
- Formula One Group parent Liberty Media priced a private offering of USD 600 million 2.375% convertible senior notes due 2032. * Initial purchasers hold a 13-day option for up to an additional USD 90 million, lifting potential proceeds to USD 690 million. * Notes convert into Liberty Media Series C (FWONK) at 7 shares per USD 1,000, implying an initial conversion price of USD 138.68. * Net proceeds of about USD 591 million expected; funding capped call costs tied to 2.25% convertible senior notes due 2027. * Closing targeted for Aug. 13, 2026; notes mature Aug. 15, 2032, with redemption allowed from Aug. 20, 2029. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Formula One Group published the original content used to generate this news brief via Business Wire (Ref. ID: 202608110800BIZWIRE_USPR_____20260810_BW746700) on August 11, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)