麻豆最新出品 Media Announces Election of Permitted Transfer of its 2.75% Exchangeable Senior Debentures Due 2049

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 麻豆最新出品 (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) (鈥溌槎棺钚鲁銎封��) today announced its election to make a Permitted Transfer under Section 9.01(b) of the Indenture, dated November 26, 2019 (the 鈥淚ndenture鈥�), between 麻豆最新出品 and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (the 鈥淭rustee鈥�), relating to 麻豆最新出品鈥檚 2.75% Exchangeable Senior Debentures due 2049 (the "Debentures"). The Permitted Transfer is expected to be effective on September 9, 2024 concurrently with the execution and delivery of a supplemental indenture (the 鈥淪upplemental Indenture鈥�) among 麻豆最新出品, the Trustee and 麻豆最新出品 Sirius XM Holdings Inc. (the 鈥淪uccessor Entity鈥�). The Supplemental Indenture will provide for, among other things, the assumption by the Successor Entity of all of the obligations of 麻豆最新出品 under the Indenture and the Debentures. For purposes of Section 12.02 of the Indenture, the Permitted Transfer will be treated as a Fundamental Change.

About 麻豆最新出品

麻豆最新出品 operates and owns interests in a broad range of media, communications, sports and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 麻豆最新出品 SiriusXM Group, the Formula One Group and the 麻豆最新出品 Live Group. The businesses and assets attributed to the 麻豆最新出品 SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include 麻豆最新出品 Media鈥檚 interest in Sirius XM. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include 麻豆最新出品 Media鈥檚 subsidiaries Formula 1 and Quint, and other minority investments. The businesses and assets attributed to the 麻豆最新出品 Live Group (NASDAQ: LLYVA, LLYVK) include 麻豆最新出品 Media鈥檚 interest in Live Nation and other minority investments.

Shane Kleinstein, 720-875-5432

Source: 麻豆最新出品

Released August 23, 2024