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FWONK-News
FWONK-Events
Liberty Media Corporation Prices $600M Convertible Notes Offering
Liberty Media Corporation has priced and agreed to sell to initial purchasers, in a private offering, $600M aggregate principal amount of 2.375% convertible senior notes due 2032. Liberty Media has also granted to the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $90 million principal amount of Notes. The Notes will be convertible into shares of Liberty Media's Series C common stock, par value $0.01 per share which may be settled at Liberty Media's election in FWONK, cash or a combination thereof. Prior to May 15, 2032, the Notes will be convertible at the option of holders only upon satisfaction of certain conditions and during certain periods, and on or after May 15, 2032, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The Notes will have an initial conversion rate of 7.2106 shares of FWONK per $1,000 principal amount of Notes, representing an initial conversion price of approximately $138.68 for each share of FWONK, which represents a conversion premium of approximately 35% to the last reported sale price of $102.73 per share of FWONK on the Nasdaq Global Select Market on August 10, 2026. The Notes will mature on August 15, 2032, unless earlier redeemed, repurchased or converted. Interest will be payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2027. Liberty Media may redeem for cash all or any portion of the Notes, at its option, on or after August 20, 2029, if the last reported sale price of FWONK has been at least 130% of the conversion price then in effect for at least 20 trading days during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which Liberty Media provides notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. The offering is expected to close on August 13, subject to the satisfaction of customary closing conditions, and is expected to result in approximately $591M in net proceeds to Liberty Media after deducting the initial purchasers' discounts and commissions and estimated offering expenses payable by Liberty Media.
Liberty Media Plans $600 Million Private Offering of Convertible Senior Notes
Liberty Media announced that it intends to offer $600 million aggregate principal amount of convertible senior notes in a private offering. Liberty Media also expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $90 million principal amount of Notes. The Notes will be convertible into cash, shares of Liberty Media's Series C common stock or a combination thereof, at Liberty Media's election. The Notes will be senior, unsecured obligations of Liberty Media, and interest will be payable semi-annually in arrears. The interest rate, initial conversion rate and other terms of the Notes will be determined at the time of pricing of the offering.
Liberty Media Starts Strong in 2026 with F1 and MotoGP Growth
"Liberty Media is off to a strong start in 2026, with sustained momentum across Formula 1 and the implementation of our long-term strategy for MotoGP. Formula 1 continues to demonstrate the strength of its global platform, with growing audiences and deepening fan engagement driving robust demand across all commercial elements. We are excited by the meaningful opportunities to expand MotoGP's commercial reach over time. We remain focused on disciplined execution, investing behind our world-class brands and evaluating avenues for capital deployment to deliver long-term value for our shareholders," said Derek Chang, Liberty Media President and CEO.
S&P 500 Declines as Brent Oil Prices Rise Above $100
The S&P 500 erased a nearly 1% gain and major averages close lower as Brent oil prices closed above $100 per barrel for a second session in a row, as traders watch developments related to the war in Iran. Sentiment remains fragile after a volatile week in which markets repeatedly swung in response to headlines from the Middle East and sharp moves in crude oil.Meanwhile, fund flows this week show investors pulling billions of dollars out of global equity funds while moving capital into cash and short-term bond funds, signaling a shift toward defensive positioning as the geopolitical situation evolves. Volatility has also risen, with the CBOE Volatility Index climbing into the high-20s, underscoring the nervous tone across financial markets.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Adobereported, provided Q2 guidance, and announced a CEO transitionMetais delaying the launch of is "Avocado" AI model,Amazonplans to move is annual Prime Day sale to June from July,Applehas cut commission fees collected from its App Store in China,BuzzFeedshares were under pressure after it2. WALL STREET CALLS:KinderCareto Underweight at Morgan Stanley and to Neutral at BairdNerdWalletto Underweight at Morgan StanleyAdobeto Equal Weight at Barclays with CEO transitioning out of roleHSBCNioto Buy on better earnings visibilityNutriento Overweight at Wells Fargo3. AROUND THE WEB:Formula 1is set to cancel two Middle East races in April amid the ongoing Iran war, ESPN reportsBE Semiconductoris receiving takeover interest amid rising demand for advanced chip-packaging technology, and is working with Morgan Stanleyto evaluate potential approaches, Reuters saysAnthropic is in talks with Blackstoneand other private equity firms to form a joint venture selling consulting services for integrating Claude into portfolio companies, The Information reportsByteDance is working with Aolani Cloud to use 500 NvidiaBlackwell computing systems in Malaysia, totaling around 36,000 B200 chips, in an effort to become a global AI leader, WSJ saysHonda's$15.7B writedown of its EV business demonstrates a reversal of its U.S. strategy and highlights challenges to come from China, Reuters says4. MOVERS:Klarnaadvanced after Board Chair Michael MoritzOncology Institutegained after B. Rileyto $8 from $6Hive Digitalincreased afterwith AMC RoboticsPar Technologyfell after announcing aSable Offshoreclosed lower aftera court found proof of bad faith in the company's pipeline approval5. EARNINGS/GUIDANCE:Kyivstarand provided guidance for FY26One Group, with EPS and revenue missing consensusTurtle Beach, with CEO Cris Keirn stating that "although our fourth quarter and full-year results were below guidance… we took steps to manage costs, protect our brand position, and prepare the company for renewed growth"EverCommerceand provided guidance for Q1 and FY26Savara, with EPS missing consensusINDEXES:The Dow fell 119.38, or 0.26%, to 46,558.47, the Nasdaq lost 206.62, or 0.93%, to 22,105.36, and the S&P 500 declined 40.43, or 0.61%, to 6,632.19.
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