Baker Botts LLP advised Liberty Broadband Corporation on the deal.
On August 24, 2020, Liberty Broadband Corporation (“Liberty Broadband”) announced that it has priced and agreed to sell to initial purchasers in an upsized private offering $500 million aggregate original principal amount of its 2.75% exchangeable senior debentures due 2050 (the “Debentures”) exchangeable for Charter Communications, Inc. (“Charter”) Class A common stock. Liberty Broadband has also granted the initial purchasers an option to purchase additional Debentures in an aggregate original principal amount of up to $75 million.
Upon an exchange of Debentures, Liberty Broadband, at its option, may deliver shares of Charter Class A common stock or the value thereof in cash or a combination of shares of Charter Class A common stock and cash. The offering is expected to close on August 27, 2020, subject to customary closing conditions.
Liberty Broadband Corporation invests in communication companies. The Company has principal assets in TruePosition and Time Warner Cable.
Baker Botts team was led by Samantha Crispin (Picture) and also included Adorys Velazquez, Catherine Gallagher, Frederick McGrath, Beverly Reyes, John Johnston, Lee Davis, Jennifer Ybarra, Henry Klimowicz, Robert Wann, Tamar Stanley, Josh Mandell and R. Scott Langley.
Involved fees earner: Lee Neel Davis – Baker Botts; Catherine Gallagher – Baker Botts; Samantha Hale Crispin – Baker Botts; John Johnston – Baker Botts; Henry Klimowicz – Baker Botts; Scott Langley – Baker Botts; Josh Mandell – Baker Botts; Frederick McGrath – Baker Botts; Beverly Reyes – Baker Botts; Tamar Stanley – Baker Botts; Adorys Velazquez – Baker Botts; Robert Wann Jr. – Baker Botts; Jennifer Ybarra – Baker Botts;
Law Firms: Baker Botts;
Clients: Liberty Broadband Corporation;