Liberty Broadband Corp Stock Price, News & Analysis

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) will host a conference call on May 2, 2023, at 4:30 p.m. E.T. to discuss its Q1 2023 results. The press release detailing these results will be available after market close on the same day. Shareholders can join the call via InComm Conferencing and are encouraged to register online for a live broadcast. The session will include a Q&A segment focused on Liberty Broadband and Liberty TripAdvisor Holdings, Inc., addressing their financial performance and outlook. Liberty Broadband operates significant interests in communications, primarily through its holdings in Charter Communications and its subsidiary GCI, which serves customers across Alaska.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) has declared a quarterly cash dividend of $0.43750001 per share for its Series A Cumulative Redeemable Preferred Stock (LBRDP). This dividend is set to be paid on April 17, 2023, to shareholders recorded by the close of business on March 31, 2023.

Liberty Broadband primarily holds interests in communications businesses, including a significant stake in Charter Communications and GCI, Alaska’s largest communications provider, serving both consumer and business sectors.

Liberty Broadband Corporation has successfully closed a private offering of $1,265 million in 3.125% exchangeable senior debentures due 2053. This includes an option exercised for $165 million. The debentures are exchangeable for shares of Charter Communications Class A stock. Each $1,000 of debentures equates to roughly 1.8901 shares, at an initial exchange price of $529.07 per share. The funds will be used to repurchase existing debentures, including the $1.75% and $2.75% series, enhancing Liberty Broadband’s financial stability.

Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP) has announced a private offering of $1.1 billion in 3.125% exchangeable senior debentures due 2053. The offering includes an option for initial purchasers to buy an additional $165 million. Each debenture equates to approximately 1.8901 shares of Charter Class A common stock, with an initial exchange price of around $529.07 per share. Proceeds will finance the repurchase of outstanding senior debentures from Liberty's subsidiary and for general corporate purposes. This offering is exempt from Securities Act registration, aimed solely at qualified institutional buyers.

Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP) has initiated cash tender offers for all outstanding Exchangeable Senior Debentures totaling $1.415 billion. This includes $14.536 million of 1.75% Debentures due 2046, $575 million of 2.75% Debentures due 2050, and $825 million of 1.25% Debentures due 2050. The offers are funded through a new exchangeable senior debenture sale due 2053 and existing cash. The expiration date for the offers is set for February 27, 2023. Holders of validly tendered and accepted Debentures will receive cash consideration along with accrued interest. The offers are contingent on the successful sale of the new debentures and other customary conditions.

Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP) plans to offer $1,100 million of exchangeable senior debentures due 2053, potentially increasing to $1,265 million if the option is fully exercised. The debentures, exchangeable for Charter Communications, Inc. Class A common stock, will be privately offered to qualified institutional buyers under Rule 144A. The proceeds will be used to repurchase existing debentures and for general corporate purposes. This offering will not be registered under the Securities Act of 1933, limiting sales in the U.S. until proper registration is achieved.