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NASDAQ: FWONA Liberty Media Corp 8-K

Liberty Media issues $690M convertible notes due 2032, convertible at $138.68/share

Filed August 13, 2026 · Period ending August 10, 2026 · ~1 min read

Key Changes

  • high

    Issued $690M in 2.375% convertible senior notes due 2032, including $90M from full exercise of initial purchasers' option, in private placement to qualified institutional buyers.

  • high

    Notes convertible into FWONK at $138.68/share (7.2106 shares per $1,000 principal), representing 35% premium to $102.73 closing price on August 10, 2026; Liberty Media may settle in cash, stock, or combination.

  • medium

    Net proceeds of approximately $680M will fund capped call transactions on existing 2027 convertible notes, working capital, general corporate purposes, and repayment of 2027 notes.

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 14, 2026 · How we verify