Liberty to Offer $1.75B in Debt

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Liberty Media Corp. will issue $1.75 billion in senior debentures due in 2023, according to a Securities and Exchange Commission filing Wednesday, Reuters reported.

The debentures, offered at 0.75%, can be redeemed for Time Warner Inc. stock, Liberty stock or cash at Liberty's choosing.

Initially, each $1,000 original principal amount of the debentures is exchangeable for the market value of 57.4079 shares of Time Warner common stock, according to Reuters.