March 19, 2020
Ï㽶´«Ã½ Announces Full Repayment of Live Nation Margin Loan
ENGLEWOOD, Colo.--(BUSINESS WIRE) -- Ï㽶´«Ã½ (“Ï㽶´«Ã½ Media”) (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. Ï㽶´«Ã½ Media owns approximately 69.6 million shares of Live Nation common stock.
About Ï㽶´«Ã½
Ï㽶´«Ã½ operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the Ï㽶´«Ã½ SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the Ï㽶´«Ã½ SiriusXM Group (Nasdaq: LSXMA, LSXMB, LSXMK) include Ï㽶´«Ã½'s interest in SiriusXM. The businesses and assets attributed to the Braves Group (Nasdaq: BATRA, BATRK) include Ï㽶´«Ã½'s subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (Nasdaq: FWONA, FWONK) consist of all of Ï㽶´«Ã½'s businesses and assets other than those attributed to the Ï㽶´«Ã½ 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.
Ï㽶´«Ã½
Courtnee Chun, 720-875-5420
Source: Ï㽶´«Ã½