# Liberty Media Corp (FWONK) — capital_raise/public_offering [pending]
Source: sec.gov · situation sit_af0721ebacce0ce64e3b · public 9953353314804122512 · retrieved 2026-08-19T11:59:55.614Z

## Overview
Liberty Media Corporation operates and owns interests in media, sports and entertainment businesses, with a portfolio including subsidiaries Formula 1, MotoGP and other minority investments.

Liberty Media Corporation sold $690 million aggregate principal amount of 2.375% Senior Convertible Notes due August 15, 2032, including $90 million issued upon full exercise of an option granted to initial purchasers Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, and Santander US Capital Markets LLC. The Notes are convertible into shares of Liberty Media's Series C common stock (FWONK) at an initial conversion rate of 7.2106 shares per $1,000 principal amount, equivalent to an initial conversion price of approximately $138.68 per share, representing a 35% conversion premium to the last reported sale price of $102.73 per share on August 10, 2026. The Notes mature on August 15, 2032, unless earlier redeemed, repurchased, or converted, with interest payable semi-annually on February 15 and August 15 of each year, commencing February 15, 2027. Net proceeds were approximately $680 million after deducting initial purchasers' discounts, commissions, and estimated offering expenses.

## Terms
- Counterparty: Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, Santander US Capital Markets LLC · Deal value: $690.0M · Consideration: mixed · Premium: 35.0% · Price/share: $138.68

## Key dates
- Announced 2026-08-13

## Timeline
- 2026-08-13 · 8-K (0001104659-26-095991): 8-K - Liberty Media Corp — *Liberty Media Corporation operates and owns interests in media, sports and entertainment businesses, with a portfolio including subsidiaries Formula 1, MotoGP and other minority investments.* Liberty Media Corporation sold $690 million aggregate principal amount of 2.375% Senior Convertible Notes due August 15, 2032, including $90 million issued upon full exercise of an option granted to initial purchasers Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, and Santander US Capital Markets LLC. The Notes are convertible into shares of Liberty Media's Series C common stock (FWONK) at an initial conversion rate of 7.2106 shares per $1,000 principal amount, equivalent to an initial conversion price of approximately $138.68 per share, representing a 35% conversion premium to the last reported sale price of $102.73 per share on August 10, 2026. The Notes mature on August 15, 2032, unless earlier redeemed, repurchased, or converted, with interest payable semi-annually on February 15 and August 15 of each year, commencing February 15, 2027. Net proceeds were approximately $680 million after deducting initial purchasers' discounts, commissions, and estimated offering expenses.
  https://www.sec.gov/Archives/edgar/data/1560385/0001104659-26-095991.txt

## Citations
- 0001104659-26-095991 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926095991