Convertibles Calendar: Liberty Broadband, PPL on tap

Feb. 21

LIBERTY BROADBAND CORP.

• $1.1 billion exchangeable notes for Charter Communications Inc. class a common stock

• $165 million greenshoe

• Coupon of 2.625% to 3.125% and initial exchange premium of 37.5% to 42.5%

• Non-callable for three years

• Putable in three years

• Rule 144A

• BofA Securities Inc., Morgan Stanley & Co. LLC and RBC Capital Markets LLC

• Repurchase all outstanding Grizzly Merger Sub 1 LLC’s 1.75% exchangeable senior debentures due 2046, Liberty Broadband’s 2.75% convertible notes due 2050 and 1.25% convertible notes due 2050 and for general corporate purposes

• Englewood, Colo.-based communications business with its principal assets its interest in Charter and Charter subsidiary GCI

PPL CAPITAL FUNDING INC.

• $900 million five-year notes exchangeable for PPL Corp. common stock

• $100 million greenshoe

• Tightened talk for coupon of 2.875% to 3.125% and a fixed initial exchange premium of 22.5%; initial talk for a coupon of 3% to 3.5% and an initial exchange premium of 20% to 25%

• Non-callable until March 20, 2026; then subject to certain conditions

• Rule 144A

• Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC

• To repay short-term straight debt and for general corporate purposes

• Allentown, Pa.-based energy company

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