Liberty Media considers redeeming 2.25% exchangeables due 2048

By Cady Vishniac

Detroit, Nov. 9 – Liberty Media Corp. is considering using the proceeds from the sale of its proposed offering of $600 million of senior debentures exchangeable for Live Nation Entertainment, Inc. stock to redeem its outstanding 2.25% exchangeable senior notes due Dec. 31, 2048, according to a news release.

The 2048 debentures priced on Nov. 28, 2018 and are callable on Dec. 1, 2021.

Liberty Media is an Englewood, Colo.-based media company.

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