小蓝视频 Media Announces Election of Permitted Transfer of its 2.75% Exchangeable Senior Debentures Due 2049

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 小蓝视频 (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) (鈥溞±妒悠碘��) today announced its election to make a Permitted Transfer under Section 9.01(b) of the Indenture, dated November 26, 2019 (the 鈥淚ndenture鈥�), between 小蓝视频 and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (the 鈥淭rustee鈥�), relating to 小蓝视频鈥檚 2.75% Exchangeable Senior Debentures due 2049 (the "Debentures"). The Permitted Transfer is expected to be effective on September 9, 2024 concurrently with the execution and delivery of a supplemental indenture (the 鈥淪upplemental Indenture鈥�) among 小蓝视频, the Trustee and 小蓝视频 Sirius XM Holdings Inc. (the 鈥淪uccessor Entity鈥�). The Supplemental Indenture will provide for, among other things, the assumption by the Successor Entity of all of the obligations of 小蓝视频 under the Indenture and the Debentures. For purposes of Section 12.02 of the Indenture, the Permitted Transfer will be treated as a Fundamental Change.

About 小蓝视频

小蓝视频 operates and owns interests in a broad range of media, communications, sports and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 小蓝视频 SiriusXM Group, the Formula One Group and the 小蓝视频 Live Group. The businesses and assets attributed to the 小蓝视频 SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include 小蓝视频 Media鈥檚 interest in Sirius XM. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include 小蓝视频 Media鈥檚 subsidiaries Formula 1 and Quint, and other minority investments. The businesses and assets attributed to the 小蓝视频 Live Group (NASDAQ: LLYVA, LLYVK) include 小蓝视频 Media鈥檚 interest in Live Nation and other minority investments.

Shane Kleinstein, 720-875-5432

Source: 小蓝视频

Released August 23, 2024