UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On August 19, 2019, a bankruptcy remote wholly owned subsidiary (“SPV”) of Liberty Broadband Corporation (the “Company”) entered into Amendment No. 2 to Margin Loan Agreement and Amendment No. 1 to Collateral Account Control Agreement (the “Amendment”) to SPV’s margin loan agreement, dated as of August 31, 2017, as amended by Amendment No. 1 to Margin Loan Agreement, dated as of August 24, 2018 (as amended, the “Margin Loan Agreement”), with Wilmington Trust, National Association, as the administrative agent (in such capacity, the “Administrative Agent”), BNP Paribas, as the calculation agent (in such capacity, the “Calculation Agent”), and the lenders party thereto. The Margin Loan Agreement provides for a multi-draw term loan credit facility (the “Margin Loan Facility”) in an aggregate principal amount of up to $1.0 billion. SPV’s obligations under the Margin Loan Facility are secured by first priority liens on the shares of Charter Communications, Inc. owned by SPV.
The Amendment amends the Margin Loan Agreement to, among other things, extend the maturity date for the Margin Loan Agreement to August 24, 2021 and extend the availability of the delayed draw loans to August 19, 2020.
The description of the Amendment set forth above is qualified in its entirety by reference to the Amendment, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2019.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 22, 2019
LIBERTY BROADBAND CORPORATION | |||
By: | /s/ Wade Haufschild | ||
Name: | Wade Haufschild | ||
Title: | Vice President |
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