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Stock impact report

Liberty Media Corporation Reports Third Quarter 2024 Financial Results

Liberty Media Corporation (LLYVK) 
Company Research Source: Business Wire
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media” or “Liberty”) (NASDAQ: FWONA, FWONK, LLYVA, LLYVK) today reported third quarter 2024 results. Headlines include(1):Completed combination of Liberty SiriusXM Group and SiriusXM on September 9thAttributed to Formula One GroupRefinanced F1 debt facilities, extending maturities and reducing margin on Term Loan B from 2.25% to 2.00% with anticipated future step down to 1.75%Secured all funding for MotoGP transaction and on track to close by year-end 2024Completed public offering of 12.2 million FWONK shares for $949 million gross proceeds in lieu of issuing equity to sellersRaised deal-contingent incremental $850 million Term Loan B and $150 million Term Loan A commitmentsF1 announced several new and expanded sponsorship agreements, including LVMH and Lenovo as Global Partners and American Express and Santander as Official PartnersSigned multi-year licensing deals with LEGO and Mattel Hot Wheels which will se Show less Read more
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