Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 118

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 118
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45.2 $50.0 (b)0.1_______________ (a)Includes certain derivative instruments that are “forward-starting,” such that the initial exchange occurs at a date subsequent to December 31, 2024. These instruments are typically entered into in order to extend existing hedges without the need to amend existing contracts.(b)Includes certain derivative instruments that do not involve the exchange of notional amounts at the inception and maturity of the instruments. Accordingly, the only cash flows associated with these derivative instruments are coupon-related payments and receipts.Interest Rate Swap ContractsThe following table sets forth the total U.S. dollar equivalents of the notional amounts and the related weighted average remaining contractual lives of our interest rate swap contracts at December 31, 2024:Pays fixed rateReceives fixed rateNotional amount Weighted average remaining lifeNotional amount Weighted average remaining life in millionsin yearsin millionsin yearsTelenet$3,499.2 (a)3.4$279.4 0.1______________ (a)Includes forward-starting derivative instruments.

II-81

LIBERTY GLOBAL LTD.Notes to Consolidated Financial Statements — (Continued)December 31, 2024, 2023 and 2022

Interest Rate Swap OptionsWe have entered into various interest rate swap options (swaptions), which give either us or the bank the right, but not the obligation, to enter into certain interest rate swap contracts at set dates in the future, with each such contract having a life of no more than five years. At the transaction date, where we have bought the swaption, the strike rate of the contract was above the corresponding market rate. Where the bank has bought the swaption, the strike rate was below the corresponding market rate. The following table sets forth certain information regarding our swaptions at December 31, 2024:Notional amountUnderlying swap currencyWeighted average option expiration period (a)Weighted average strike rate (b) in millionsin yearsTelenet:Buy position$1,448.9 €1.23.0%Sell position$1,448.9 €1.21.4%_______________ (a)Represents the weighted average period until the date on which we have the option to enter into the interest rate swap contracts.(b)Represents the weighted average interest rate that we would pay if either we or our counterparties exercised our respective options to enter