Liberty Media investors tender 82.8% of 7 7/8% notes, 90% of 7¾% notes

By Susanna Moon

Chicago, Oct. 9 - Liberty Media LLC said holders tendered $554.5 million of its 7 7/8% senior notes due 2009, or 82.8%, and $210.2 million of its 7¾% senior notes due 2009, or 90%.

The early tender premium deadline was 5 p.m. ET on Oct. 9.

The offers are scheduled to expire at 5 p.m. ET on Oct. 27.

For the 7 7/8% notes, Liberty said it will pay $1,007.50 per $1,000 principal amount, which includes a $10.00 premium for notes tendered by Oct. 9, the early tender deadline.

For the 7¾% notes, the payout will be $1,006.50 per $1,000 principal amount, which also includes an early tender premium of $10.00.

Liberty will pay accrued interest to the purchase date.

The early settlement date will be Oct. 10.

Citi (800 558-3745 or collect 212 723-6106) is the dealer manager for the tender offers. Global Bondholder Services Corp. (866 873-7700 or for banks and brokers 212 430-3774) is the depositary and information agent.

Englewood, Colo.-based Liberty Media is a media and entertainment company.

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