Liberty Media unit ups margin loan by $200 million, extends to 2026

By Mary-Katherine Stinson

Lexington, Ky., March 7 – Liberty Media Corp.’s wholly-owned subsidiary Liberty Siri MarginCo, LLC on March 6 amended its margin loan agreement secured by shares of Sirius XM Holdings Inc. stock, according to an 8-K filing with the Securities and Exchange Commission.

The amendment increases the available revolver commitments by $200 million and extends the maturity date to March 2026.

It also reduces the minimum price of common stock that could trigger certain adjustments under the margin loan agreement.

After the amendment becomes effective, total capacity under the margin loan is $1.95 billion, of which $875 million of borrowings were outstanding as of Dec. 31.

Liberty Media is an Englewood, Colo.-based owner and operator of media, communications and entertainment businesses.

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