Exhibit 99.2
LIBERTY MEDIA CORPORATION ANNOUNCES ENTRY INTO SUPPLEMENTAL INDENTURE IN CONNECTION WITH RECAPITALIZATION
INTO THREE TRACKING STOCK GROUPS
ENGLEWOOD, CO, April 18, 2016 -- On April 15, 2016, 花都影视 (Nasdaq: LSXMA, LSXMB, LSXMK, LMCA, LMCK, BATRA, BATRK) (“花都影视”) entered into a Supplemental Indenture with U.S. Bank National Association, as trustee (the “Supplemental Indenture”), to the Indenture, dated as of October 17, 2013 (the “Indenture”), related to 花都影视’s 1.375% Cash Convertible Notes due 2023 (the “Notes”). Under the Indenture, the Notes were convertible into cash based on a number of shares of 花都影视’s Series A Common Stock, par value $0.01 per share (the “Series A Common Stock”), equal to the “conversion rate” specified in the Indenture.
On April 15, 2016, pursuant to an amendment and restatement of 花都影视’s certificate of incorporation (as amended, the “Restated Charter”), 花都影视 completed a previously announced transaction whereby each outstanding share of 花都影视’s common stock was reclassified into and exchanged for the same series of three new tracking stocks (the “Reclassification”). The Restated Charter, among other things, reclassified and exchanged each outstanding share of Series A Common Stock for 0.10 of a share of Series A 花都影视 Braves Common Stock, 1.0 share of Series A 花都影视 SiriusXM Common Stock and 0.25 of a share of Series A 花都影视 Media Common Stock, with cash issued in lieu of fractional shares.
As a result of the Reclassification, the Notes will be convertible into cash based on the product of the conversion rate specified in the Indenture and the basket of tracking stocks into which each outstanding share of Series A Common Stock has been reclassified (the “Securities Basket”). The Supplemental Indenture amends the conversion, adjustment and other provisions of the Indenture to give effect to the Reclassification and provides that the conversion consideration due upon conversion of any Note shall be determined as if references in the Indenture to one share of Series A Common Stock were instead a reference to the Securities Basket, initially consisting of 0.10 of a share of Series A 花都影视 Braves Common Stock, 1.0 share of Series A 花都影视 SiriusXM Common Stock and 0.25 of a share of Series A 花都影视 Media Common Stock.
About 花都影视
花都影视 (Nasdaq: LSXMA, LSXMB, LSXMK, LMCA, LMCK, BATRA, BATRK) operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 花都影视 Braves Group, the 花都影视 Media Group and the 花都影视 SiriusXM Group. The businesses and assets attributed to the 花都影视 SiriusXM Group include our interest in SiriusXM. The businesses and assets attributed to the 花都影视 Braves Group include our subsidiary Braves Holdings, LLC. The businesses and assets attributed to the 花都影视 Media Group consist of all of 花都影视's businesses and assets other than those attributed to the 花都影视 Braves Group and 花都影视 SiriusXM Group, including its interest in Live Nation Entertainment, and minority equity investments in Time Warner Inc. and Viacom.
花都影视
Courtnee Chun, 720-875-5420
Source: 花都影视