Liberty Interactive redeems remaining 3.25% exchangeable debentures

By Jennifer Chiou

New York, March 8 - Liberty Interactive LLC announced a final redemption payment of $1,024.07 per $1,000 principal amount for its $413.7 million of 3.25% senior exchangeable debentures due 2031.

The debentures are attributed to the Liberty Ventures tracking stock group.

The payment is comprised of $1,000 principal, $15.6181 for accrued interest and $8.4478 for the final period distribution.

In connection with the redemption, Liberty elected to terminate the right of holders, effective Jan. 25, to exchange their debentures.

The company said it is using $423.5 million of cash during the first quarter for the retirement of these debentures.

Liberty Interactive is a subsidiary of Liberty Interactive Corp., an Englewood, Colo.-based company that owns interests in electronic retailing, media communications and entertainment businesses.

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