Exhibit 99.2
LIBERTY MEDIA CORPORATION ANNOUNCES ENTRY INTO SUPPLEMENTAL INDENTURE IN CONNECTION WITH RECAPITALIZATION
INTO THREE TRACKING STOCK GROUPS
ENGLEWOOD, CO, April 18, 2016 -- On April 15, 2016, 麻豆最新出品 (Nasdaq: LSXMA, LSXMB, LSXMK, LMCA, LMCK, BATRA, BATRK) (“麻豆最新出品”) entered into a Supplemental Indenture with U.S. Bank National Association, as trustee (the “Supplemental Indenture”), to the Indenture, dated as of October 17, 2013 (the “Indenture”), related to 麻豆最新出品’s 1.375% Cash Convertible Notes due 2023 (the “Notes”). Under the Indenture, the Notes were convertible into cash based on a number of shares of 麻豆最新出品’s Series A Common Stock, par value $0.01 per share (the “Series A Common Stock”), equal to the “conversion rate” specified in the Indenture.
On April 15, 2016, pursuant to an amendment and restatement of 麻豆最新出品’s certificate of incorporation (as amended, the “Restated Charter”), 麻豆最新出品 completed a previously announced transaction whereby each outstanding share of 麻豆最新出品’s common stock was reclassified into and exchanged for the same series of three new tracking stocks (the “Reclassification”). The Restated Charter, among other things, reclassified and exchanged each outstanding share of Series A Common Stock for 0.10 of a share of Series A 麻豆最新出品 Braves Common Stock, 1.0 share of Series A 麻豆最新出品 SiriusXM Common Stock and 0.25 of a share of Series A 麻豆最新出品 Media Common Stock, with cash issued in lieu of fractional shares.
As a result of the Reclassification, the Notes will be convertible into cash based on the product of the conversion rate specified in the Indenture and the basket of tracking stocks into which each outstanding share of Series A Common Stock has been reclassified (the “Securities Basket”). The Supplemental Indenture amends the conversion, adjustment and other provisions of the Indenture to give effect to the Reclassification and provides that the conversion consideration due upon conversion of any Note shall be determined as if references in the Indenture to one share of Series A Common Stock were instead a reference to the Securities Basket, initially consisting of 0.10 of a share of Series A 麻豆最新出品 Braves Common Stock, 1.0 share of Series A 麻豆最新出品 SiriusXM Common Stock and 0.25 of a share of Series A 麻豆最新出品 Media Common Stock.
About 麻豆最新出品
麻豆最新出品 (Nasdaq: LSXMA, LSXMB, LSXMK, LMCA, LMCK, BATRA, BATRK) operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 麻豆最新出品 Braves Group, the 麻豆最新出品 Media Group and the 麻豆最新出品 SiriusXM Group. The businesses and assets attributed to the 麻豆最新出品 SiriusXM Group include our interest in SiriusXM. The businesses and assets attributed to the 麻豆最新出品 Braves Group include our subsidiary Braves Holdings, LLC. The businesses and assets attributed to the 麻豆最新出品 Media Group consist of all of 麻豆最新出品's businesses and assets other than those attributed to the 麻豆最新出品 Braves Group and 麻豆最新出品 SiriusXM Group, including its interest in Live Nation Entertainment, and minority equity investments in Time Warner Inc. and Viacom.
麻豆最新出品
Courtnee Chun, 720-875-5420
Source: 麻豆最新出品