This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Liberty Interactive Announces Adjustment To Reference Shares Underlying .75% Senior Exchangeable Debentures Due 2043

Liberty Interactive LLC ("Liberty"), a subsidiary of Liberty Interactive Corporation (Nasdaq: LINTA, LINTB, LVNTA, LVNTB), announced that an adjustment has been made to the reference shares underlying its .75% Senior Exchangeable Debentures due 2043 (the “Debentures”). Previously, the Debentures were exchangeable only into shares of Time Warner Cable, Inc. (“TWC”) and Time Warner, Inc. (“TWX”). As a result of the spin-off (the “Spin-Off”) of Time, Inc. (“TIME”) from TWX, and pursuant to the terms of the indenture covering the Debentures, the TIME shares have become additional reference shares underlying the Debentures effective as of the payment date for the Spin-Off, which was 11:59 p.m., New York City time, on June 6, 2014.

The distribution ratio in the Spin-Off was 1 share of TIME for each 8 shares of TWX held on the record date for the Spin-Off. Accordingly, the following sets forth the basket of securities currently underlying the Debentures.
Reference Shares    

Reference Shares per $1,000principal amount Debenture
TWC     6.3040
TWX 5.1635
TIME     0.6454

About Liberty Interactive LLC

Liberty Interactive LLC is a direct wholly owned subsidiary of Liberty Interactive Corporation, owning interests in a broad range of electronic retailing, media, communications, and entertainment businesses.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.27 -0.76%
FB $101.00 1.47%
GOOG $684.12 0.89%
TSLA $143.67 -3.09%
YHOO $27.10 1.04%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs