March 19, 2020
ÎçҹѰ»¨ Announces Full Repayment of Live Nation Margin Loan
ENGLEWOOD, Colo.--(BUSINESS WIRE) -- ÎçҹѰ»¨ (“ÎçҹѰ»¨ Media”) (NASDAQ: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) today announced that is has fully repaid the Live Nation Entertainment (NYSE: LYV) margin loan using a portion of cash on hand. With the payment of $130 million, there are no margin or other price triggers that could require a sale of the underlying stock. ÎçҹѰ»¨ Media owns approximately 69.6 million shares of Live Nation common stock.
About ÎçҹѰ»¨
ÎçҹѰ»¨ operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the ÎçҹѰ»¨ SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the ÎçҹѰ»¨ SiriusXM Group (Nasdaq: LSXMA, LSXMB, LSXMK) include ÎçҹѰ»¨'s interest in SiriusXM. The businesses and assets attributed to the Braves Group (Nasdaq: BATRA, BATRK) include ÎçҹѰ»¨'s subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (Nasdaq: FWONA, FWONK) consist of all of ÎçҹѰ»¨'s businesses and assets other than those attributed to the ÎçҹѰ»¨ SiriusXM Group and the Braves Group, including its subsidiary Formula 1, its interest in Live Nation Entertainment and minority equity investment in AT&T Inc.
ÎçҹѰ»¨
Courtnee Chun, 720-875-5420
Source: ÎçҹѰ»¨