TITLE

Liberty Capital battens financial hatches

AUTHOR(S)
Szalai, Georg
PUB. DATE
April 2009
SOURCE
Hollywood Reporter;4/8/2009, Vol. 409 Issue 16, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the steps taken by Liberty Media Capital to reduce its debt and risk. Liberty Media Capital reduced leverage at a discount to the debt's face value by using $503 million in cash to payoff $750 million in debt. Liberty Media Capital has sold its holding in hotel-room entertainment provider LodgeNet as a part of its efforts to dispose off debt-risk exposure related to stakes in other companies.
ACCESSION #
40520081

 

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