麻豆最新出品 Proposes Private Offering of Exchangeable Senior Debentures

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 麻豆最新出品 ("麻豆最新出品") (Nasdaq: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) announced today that it intends to offer $400,000,000 aggregate original principal amount of senior debentures exchangeable for Sirius XM Holdings Inc. common stock in a private offering (or up to $460,000,000 aggregate original principal amount of senior debentures if the initial purchasers for the offering exercise their option to purchase additional debentures in full). The debentures will be exchangeable at the option of holders during specified periods. Upon an exchange of debentures, 麻豆最新出品, at its option, may deliver Sirius XM Holdings Inc. (鈥淪irius XM鈥�) common stock, the value thereof in cash or 麻豆最新出品鈥檚 Series C 麻豆最新出品 SiriusXM Common Stock (鈥淟SXMK鈥�) or any combination of Sirius XM common stock, cash and/or shares of LSXMK. 麻豆最新出品 expects to use the net proceeds of the offering to repurchase shares of 麻豆最新出品 SiriusXM common stock, to make possible acquisitions and investments, and for other general corporate purposes, including to pay interest on the debentures. The debentures, as well as the associated cash proceeds, will be attributed to the 麻豆最新出品 SiriusXM tracking stock group.

The offering of the debentures will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The debentures will be offered by means of an offering memorandum solely to "Qualified Institutional Buyers" pursuant to, and as that term is defined in, Rule 144A of the Securities Act. This press release does not constitute an offer to sell or the solicitation of an offer to buy the debentures nor shall there be any sale of debentures in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.

Forward-Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the intended launch of a private offering of debentures and the use of proceeds therefrom. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions. These forward-looking statements speak only as of the date of this press release, and 麻豆最新出品 expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in 麻豆最新出品's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of 麻豆最新出品, including its most recent Annual Report on Form 10-K, for risks and uncertainties related to 麻豆最新出品鈥檚 business which may affect the statements made in this press release.

About 麻豆最新出品

麻豆最新出品 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 SiriusXM Group, the Braves Group and the Formula One 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's interest in SiriusXM. The businesses and assets attributed to the Braves Group (Nasdaq: BATRA, BATRK) include 麻豆最新出品's subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (Nasdaq: FWONA, FWONK) 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 SiriusXM Group and the Braves Group, including its subsidiary Formula 1, its interest in Live Nation Entertainment and minority equity investments in Time Warner Inc.

麻豆最新出品
Courtnee Chun, 720-875-5420

Source: 麻豆最新出品

Released March 1, 2018