8-K - Liberty Live Holdings, Inc. | StockGist

AI Analysis

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Liberty Live Holdings, Inc. closed the privately negotiated exchange of approximately $1,116 million aggregate principal amount of its 2.375% Exchangeable Senior Debentures due 2053 (Old Debentures) for an equal amount of new debentures (New Debentures) on March 20, 2026, leaving $34 million of Old Debentures outstanding. The Company entered into an indenture with U.S. Bank Trust Company, National Association as trustee governing the New Debentures.

Key Takeaways

1Closed exchange of $1,116 million Old Debentures for New Debentures on March 20, 2026

2$34 million aggregate principal amount of Old Debentures remain outstanding as of March 20, 2026

3Entered into Indenture dated March 20, 2026, with U.S. Bank Trust Company, National Association as trustee

4New Debentures bear 2.375% interest per annum, mature September 30, 2053, with quarterly payments commencing March 31, 2026

5Initially, 9.5320 shares of Live Nation Entertainment, Inc. common stock per $1,000 principal, totaling approximately 10.5 million shares

6New Debentures redeemable by Company on or after September 30, 2032; holders have put right on that date

Current Report Details

Event Type

Material Agreement

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

hereof is incorporated by reference herein. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 4.1 Indenture, dated as of March

Material Agreement

Transaction Details

Material Agreement

Agreement: Indenture
Parties: Liberty Live Holdings, Inc., U.S. Bank Trust Company, National Association as trustee

•Dated as of March 20, 2026
•Governs 2.375% Exchangeable Senior Debentures due 2053 with $1,116 million aggregate principal amount issued
•Interest at 2.375% per annum, accruing from December 31, 2025, payable quarterly on March 31, June 30, September 30, December 31 commencing March 31, 2026
•Unsecured senior obligations
•Exchangeable for cash equal to value of Live Nation Entertainment, Inc. common stock (initially 9.5320 shares per $1,000 principal, totaling 10.5 million shares)
•Initial exchange price approximately $104.91 per share
•Redeemable by Company in whole or in part on or after September 30, 2032
•Holders may require purchase on September 30, 2032 at 100% of adjusted principal plus accrued interest and final period distribution

Exhibits (2)

4.1

EXHIBIT 4.1

8-K

FORM 8-K