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Liberty Interactive to repay up to $450 million via exchangeables
By Marisa Wong
Morgantown, W.Va., Aug. 16 – Liberty Interactive Corp. said it plans to repay up to $450 million outstanding under its margin loan facility using proceeds from an offering of exchangeable senior debentures.
The company recently entered into the facility through wholly owned special purpose subsidiary LV Bridge, LLC.
The company also plans to use proceeds from the new exchangeable debentures to repurchase its outstanding 0.75% exchangeable senior debentures due 2043.
Liberty Interactive owns interests in electronic retailing, media, communications and entertainment businesses. It is based in Englewood, Colo.
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