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Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029

Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029

Qurate Retail宣佈對2029年到期的4.0%的優先可交換債券支付半年利息並定期進行額外分配
Qurate Retail-A ·  05/15 16:15

Qurate Retail Announces Semi-Annual Interest Payment and Regular Additional Distribution on 4.0% Senior Exchangeable Debentures Due 2029

Qurate Retail宣佈對2029年到期的4.0%的優先可交換債券支付半年利息並定期進行額外分配

May 15, 2024 4:15pm EDT Download as PDF

美國東部時間 2024 年 5 月 15 日下午 4:15 以 PDF 格式下載

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB, QRTEP) today announced the payment of a semi-annual interest payment and Regular Additional Distribution to the holders as of May 1, 2024 of the 4.0% Senior Exchangeable Debentures due 2029 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC ("LI LLC"). The semi-annual interest payment amount is $20.00 per $1,000 original principal amount of Debentures (a "Debenture"), and the amount of the Regular Additional Distribution is $0.4302 per $1,000 original principal amount of Debentures.

科羅拉多州恩格爾伍德--(美國商業資訊)--Qurate Retail, Inc.(“Qurate Retail”)(納斯達克股票代碼:QRTEA、QRTEB、QRTEP)今天宣佈,自2024年5月1日起,向其全資子公司Liberty Interactive LLC發行的2029年到期4.0%的優先可交換債券(“債券”)的持有人支付半年利息和定期額外分配 LI LLC”)。每半年利息支付額爲每1,000美元債券(“債券”)初始本金額20.00美元,定期額外分配金額爲每1,000美元原始債券本金額0.4302美元。

Under the Indenture for the Debentures, the original principal amount of the Debentures is reduced by an amount equal to each Extraordinary Additional Distribution made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive semi-annual interest payment date to the extent necessary to cause the semi-annual interest payment to represent the payment of an annualized yield of 4.0% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular Extraordinary Additional Distribution that results in an adjustment to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that Extraordinary Additional Distribution.

根據債券契約,債券的原始本金減少的金額等於向債券持有人進行的每筆特別額外分配。此後,在每個連續的半年利息支付日進一步減少調整後的本金,以使半年利息支付額相當於支付調整後本金4.0%的年化收益率。如果後一項調整是由於特定的特別額外分配,導致債券本金額的調整,則在支付該特別額外分配之後的第二個利息支付日生效。

To date, there has been one Extraordinary Additional Distribution to holders of the Debentures. On August 7, 2013, LI LLC made an Extraordinary Additional Distribution of $63.0960 per $1,000 original principal amount of the Debentures arising from the merger transaction between Sprint Nextel Corporation and SoftBank Corp.

迄今爲止,已經向債券持有人進行了一次特別額外分配。2013年8月7日,LI LLC對Sprint Nextel Corporation與軟銀公司合併交易產生的每1,000美元債券的初始本金額進行了63.0960美元的特別額外分配

Adjustments to the principal amount of the Debentures do not affect the amount of the semi-annual interest payments received by holders of the Debentures, which will continue to be a rate equal to 4.0% per annum of the original principal amount of the Debentures. Below is a detail of the amount of the semi-annual interest payment being made on the Debentures announced today, its allocation between payment of interest and repayment of principal and the revised adjusted principal amount resulting from such payment, per $1,000 original principal amount of the Debentures:

對債券本金額的調整不影響債券持有人收到的半年利息支付金額,該利率將繼續等於債券原始本金的4.0%。以下是今天宣佈的債券每1,000美元原始本金支付的半年利息金額、利息支付和本金償還之間的分配以及此類付款產生的調整後本金的詳細情況:

May 15, 2024 Beginning
Adjusted Principal

Total

Payment

Interest

Additional Payment
of Principal

May 15, 2024 Ending
Adjusted Principal

$906.2427

$20.0000

$18.1249

$1.8751

$904.3676

2024 年 5 月 15 日開始
調整後的本金

總計

付款

利息

額外付款
校長的

2024 年 5 月 15 日結束
調整後的本金

906.2427 美元

20.0000 美元

18.1249 美元

1.8751 美元

904.3676 美元

LI LLC is also making a Regular Additional Distribution to holders of the Debentures as of May 1, 2024 of $0.4302 per Debenture, which is attributable to the regular quarterly cash dividend paid by T-Mobile US, Inc. of $0.65 per share on December 15, 2023 and March 14, 2024. The payment of the Regular Additional Distribution will not result in a reduction to the adjusted principal amount of the Debentures.

截至2024年5月1日,LI LLC還定期向債券持有人進行每張債券0.4302美元的額外分配,這歸因於美國T-Mobile公司於2023年12月15日和2024年3月14日支付的每股0.65美元的定期季度現金股息。定期額外分配的支付不會導致債券調整後的本金減少。

The semi-annual interest payment and Regular Additional Distribution are expected to be paid on May 15, 2024 to holders of record of the Debentures on May 1, 2024.

半年度利息和定期額外分配預計將於2024年5月15日支付給2024年5月1日的債券登記持有人。

On April 1, 2020, T-Mobile US, Inc. completed its acquisition of Sprint Corporation ("TMUS/S Acquisition") for 0.10256 shares of T-Mobile US, Inc. for every share of Sprint Corporation. Following the TMUS/S Acquisition, the reference shares attributable to each $1,000 original principal amount of Debentures consist of 0.3309 shares of common stock of T-Mobile US, Inc. (Nasdaq: TMUS) and 0.7860 shares of common stock of Lumen Technologies, Inc. (NYSE: LUMN).

2020年4月1日,美國T-Mobile公司完成了對Sprint公司的收購(“TMUS/S收購”),每持有Sprint Corporation的每股0.10256股美國T-Mobile股份。收購TMUS/S後,每1,000美元的債券本金應占的參考股包括美國T-Mobile公司(納斯達克股票代碼:TMUS)的0.3309股普通股和Lumen Technologies, Inc.(紐約證券交易所代碼:LUMN)的0.7860股普通股。

About Qurate Retail, Inc.

關於 Qurate Retail, Inc.

Qurate Retail, Inc. is a Fortune 500 company comprised of six leading retail brands – QVC, HSN, Ballard Designs, Frontgate, Garnet Hill and Grandin Road (collectively, "Qurate Retail GroupSM"). Qurate Retail Group is the largest player in video commerce ("vCommerce"), which includes video-driven shopping across linear TV, ecommerce sites, digital streaming and social platforms. The retailer reaches more than 200 million homes worldwide via 14 television channels, which are widely available on cable/satellite TV, free over-the-air TV, and digital livestreaming TV. The retailer also reaches millions of customers via its QVC+ and HSN+ streaming experience, websites, mobile apps, social pages, print catalogs, and in-store destinations. Qurate Retail, Inc. also holds various minority interests.

Qurate Retail, Inc. 是一家財富 500 強公司,由六個領先的零售品牌 QVC 組成,HSN,巴拉德設計公司,前門,Garnet Hill 和格蘭丁路 (統稱爲 “Quarte Retail集團”)軍士長“)。Qurate Retail Group是視頻商務(“vCommerce”)領域最大的參與者,其中包括通過線性電視、電子商務網站、數字流媒體和社交平台進行視頻驅動的購物。該零售商通過14個電視頻道覆蓋全球超過2億個家庭,這些頻道在有線/衛星電視、免費空中電視和數字直播電視上廣泛播出。該零售商還通過其QVC+和HSN+流媒體體驗、網站、移動應用程序、社交頁面、印刷目錄和店內目的地吸引了數百萬客戶。Qurate Retail, Inc.還持有各種少數股權。

View source version on businesswire.com: https://www.businesswire.com/news/home/20240507218758/en/

在 businesswire.com 上查看源版本: https://www.businesswire.com/news/home/20240507218758/en/

Shane Kleinstein
720-875-5432

肖恩·克萊因斯坦
720-875-5432

Source: Qurate Retail, Inc.

來源:Qurate Retail, Inc.

Released May 15, 2024

2024 年 5 月 15 日發佈

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