Liberty Interactive Corporation Announces Proposed Private Offering of New
Exchangeable Senior Debentures and Retirement of 3.125% Exchangeable Senior
Debentures Due 2023
ENGLEWOOD, Colo. -- April 2, 2013
Liberty Interactive Corporation ("Liberty") (Nasdaq: LINTA, LINTB, LVNTA,
LVNTB) announced today that it intends to retire the outstanding 3.125%
Exchangeable Senior Debentures due 2023 (the “old debentures”) of its wholly
owned subsidiary Liberty Interactive LLC (the “Company”). Liberty expects to
obtain a portion of the funds for the retirement of the old debentures through
a private offering of new exchangeable senior debentures by the Company.
The retirement of the old debentures may take the form of open market
purchases or privately negotiated transactions. To the extent old debentures
remain outstanding after the closing of the private offering of new
debentures, Liberty presently intends to call the old debentures for
The offering of the new 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 the registration requirements of the
Securities Act and applicable state securities laws. The private offering will
only be made to “Qualified Institutional Investors”, as that term is defined
in the Securities Act. This press release does not constitute an offer to sell
or the solicitation of an offer to buy the new debentures.
The old debentures are attributed to Liberty’s Ventures tracking stock group.
This press release includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, including
statements about the intended launch of a private offering, the use of
proceeds therefrom and Liberty’s present intention regarding redemption of the
old debentures. 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 Liberty expressly disclaims any obligation
or undertaking to disseminate any updates or revisions to any forward-looking
statement contained herein to reflect any change in Liberty’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 Liberty, including its most recent Form 10-K, for risks and
uncertainties related to Liberty.
Liberty Interactive Corporation
Courtnee Ulrich, 720-875-5420
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