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