午夜寻花 Announces Full Repayment of Live Nation Margin Loan

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 午夜寻花 (鈥溛缫寡盎� Media鈥�) (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. 午夜寻花 Media owns approximately 69.6 million shares of Live Nation common stock.

About 午夜寻花

午夜寻花 operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 午夜寻花 SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the 午夜寻花 SiriusXM Group (Nasdaq: LSXMA, LSXMB, LSXMK) include 午夜寻花's interest in SiriusXM. The businesses and assets attributed to the Braves Group (Nasdaq: BATRA, BATRK) include 午夜寻花's subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (Nasdaq: FWONA, FWONK) consist of all of 午夜寻花's businesses and assets other than those attributed to the 午夜寻花 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.

午夜寻花
Courtnee Chun, 720-875-5420

Source: 午夜寻花

Released March 19, 2020