Liberty Broadband Corp - LBRDK STOCK NEWS

Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP) has initiated cash tender offers for all outstanding Exchangeable Senior Debentures totaling $1.415 billion. This includes $14.536 million of 1.75% Debentures due 2046, $575 million of 2.75% Debentures due 2050, and $825 million of 1.25% Debentures due 2050. The offers are funded through a new exchangeable senior debenture sale due 2053 and existing cash. The expiration date for the offers is set for February 27, 2023. Holders of validly tendered and accepted Debentures will receive cash consideration along with accrued interest. The offers are contingent on the successful sale of the new debentures and other customary conditions.

Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP) plans to offer $1,100 million of exchangeable senior debentures due 2053, potentially increasing to $1,265 million if the option is fully exercised. The debentures, exchangeable for Charter Communications, Inc. Class A common stock, will be privately offered to qualified institutional buyers under Rule 144A. The proceeds will be used to repurchase existing debentures and for general corporate purposes. This offering will not be registered under the Securities Act of 1933, limiting sales in the U.S. until proper registration is achieved.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) reported its fourth-quarter and year-end 2022 results, highlighting a fair value of Charter investment at $16 billion by December 31, 2022. From November 2022 to January 2023, the company generated $291 million from selling 868,000 Charter shares while maintaining a 26% equity interest in Charter. GCI's 2022 revenue was $969 million with operating income of $54 million. The company repurchased 2.1 million shares during the period. Liberty Broadband's cash increased by $172 million in Q4 due to share sales, and it has $2 billion remaining for buybacks.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) will host a conference call on February 17 at 11:00 a.m. E.T. to discuss its fourth-quarter 2022 results. A press release detailing the results will be issued before market open on the same day. The call will include a Q&A session covering topics related to Liberty Broadband and Liberty TripAdvisor Holdings, Inc. Interested participants can register for the live webcast via the company's website. Liberty Broadband's principal assets include its interests in Charter Communications and GCI, Alaska's largest communications provider.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) has declared a quarterly cash dividend of $0.43750001 per share for its Series A Cumulative Redeemable Preferred Stock (Nasdaq: LBRDP). The dividend is payable on January 17, 2023, to shareholders on record as of the close of business on January 3, 2023. This reflects the company's ongoing commitment to returning value to its investors while maintaining its position in the communications sector, including its interests in Charter Communications and GCI.

Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) reported third quarter 2022 results with a fair value of Charter investment at $14.7 billion. The company sold 1.4 million shares of Charter for $616 million and repurchased 5.5 million shares at an average price of $99.77, totaling $550 million. GCI revenue increased 1% to $248 million with operating income declining to $1 million. Liberty Broadband's cash position dipped to $203 million as of September 30, 2022, and the company maintains a debt level of $3.9 billion.

Liberty Broadband Corporation (LBRDA, LBRDK, LBRDP) will hold its annual Investor Meeting on November 17, 2022, at 12:30 PM E.T. in New York, NY. The meeting will discuss financial performance and future outlook, along with presentations from Liberty Media and Qurate Retail. Registration and livestream details are available on the Liberty Broadband website. Attendees must be fully vaccinated against COVID-19. A Q&A session will follow, hosted by Chairman John Malone and CEO Greg Maffei, allowing for in-person and pre-submitted questions.

On October 10, 2022, Bethel Native Corporation (BNC) and GCI announced a partnership to enhance fiber broadband connectivity in Western Alaska's Yukon-Kuskokwim Delta. Backed by over $73 million in federal grants, the Airraq Network will provide 2 gigabit internet speeds to more than 10,000 residents. The project includes a 405-mile fiber network funded by a $42 million NTIA grant and a $31 million USDA RUS ReConnect grant, aiming for launch by late 2024. This initiative addresses the digital divide and promotes economic growth in remote communities.

Liberty Broadband Corporation will host a conference call on November 4, 2022, at 11:15 a.m. E.T. to discuss its third-quarter results. A press release detailing the financial performance will be issued before market open on the same day. The call will include a Q&A session covering Liberty Broadband and Liberty TripAdvisor Holdings, Inc. Additionally, the conference call will be broadcast live on Liberty Broadband's website, with replays available afterward.