麻豆app Announces Full Repayment of Live Nation Margin Loan

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 麻豆app (鈥溌槎筧pp Media鈥�) (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. 麻豆app Media owns approximately 69.6 million shares of Live Nation common stock.

About 麻豆app

麻豆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 麻豆app SiriusXM Group, the Braves Group and the Formula One Group. The businesses and assets attributed to the 麻豆app SiriusXM Group (Nasdaq: LSXMA, LSXMB, LSXMK) include 麻豆app's interest in SiriusXM. The businesses and assets attributed to the Braves Group (Nasdaq: BATRA, BATRK) include 麻豆app's subsidiary Braves Holdings, LLC. The businesses and assets attributed to the Formula One Group (Nasdaq: FWONA, FWONK) consist of all of 麻豆app's businesses and assets other than those attributed to the 麻豆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.

麻豆app
Courtnee Chun, 720-875-5420

Source: 麻豆app

Released March 19, 2020