jvid视频

jvid视频 Announces Semi-Annual Interest Payment on 4.0% Senior Exchangeable Debentures Due 2029

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- jvid视频. ("jvid视频") (Nasdaq: QRTEA, QRTEB, QRTEP) today announced the payment of a semi-annual interest payment to the holders as of May 1, 2023 of the 4.0% Senior Exchangeable Debentures due 2029 (the "Debentures") issued by its wholly-owned subsidiary, Liberty Interactive LLC (鈥淟I LLC鈥�). The payment amount is $20.00 per $1,000 original principal amount of Debentures (a 鈥淒ebenture鈥�).

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.

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.

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:

The semi-annual interest payment is expected to be paid on May 15, 2023 to holders of record of the Debentures on May 1, 2023.

On April 1, 2020, T-Mobile US, Inc. completed its acquisition of Sprint Corporation (鈥淭MUS/S Acquisition鈥�) 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).

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jvid视频. is a Fortune 500 company comprised of seven leading retail brands 鈥� QVC庐, HSN庐, Zulily庐, Ballard Designs庐, Frontgate庐, Garnet Hill庐 and Grandin Road庐 (collectively, 鈥渏vid视频 Group^SM鈥�). jvid视频 Group is the largest player in video commerce (鈥渧Commerce鈥�), 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. jvid视频. also holds various minority interests.

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jvid视频.
Shane Kleinstein, 720-875-5432

Source: jvid视频.

Released May 15, 2023