Formula One owner Liberty Media prices USD 600 million convertible senior notes offering

Reuters2026/08/11 12:02

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Formula One Group parent Liberty Media priced a private offering of USD 600 million 2.375% convertible senior notes due 2032.
Initial purchasers hold a 13-day option for up to an additional USD 90 million, lifting potential proceeds to USD 690 million.
Notes convert into Liberty Media Series C (FWONK) at 7 shares per USD 1,000, implying an initial conversion price of USD 138.68.
Net proceeds of about USD 591 million expected; funding capped call costs tied to 2.25% convertible senior notes due 2027.
Closing targeted for Aug. 13, 2026; notes mature Aug. 15, 2032, with redemption allowed from Aug. 20, 2029.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Formula One Group published the original content used to generate this news brief via Business Wire (Ref. ID: 202608110800BIZWIRE_USPR_____20260810_BW746700) on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Formula One owner Liberty Media prices USD 600 million convertible senior notes offering

You may also like

Crypto prices