Company: LBTYK
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001570585-25-000223
Chunk: 76

Company: Liberty Global Ltd.
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 76
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 rateNotionalamountWeighted average remaining lifeNotionalamountWeighted average remaining life in millionsin yearsin millionsin yearsTelenet$4,244.1 (a)3.6$— —_______________ (a)Includes forward-starting derivative instruments.

24

LIBERTY GLOBAL LTD.Notes to Condensed Consolidated Financial Statements — (Continued)September 30, 2025(unaudited)

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 September 30, 2025:Notional amountUnderlying swap currencyWeighted average option expiration period (a)Weighted average strike rate (b) in millionsin yearsTelenet:Buy position$1,645.9 €0.43.0%Sell position$1,645.9 €0.41.4%_______________ (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 into the interest rate swap contracts.Basis SwapsOur basis swaps involve the exchange of attributes used to calculate our floating interest rates, including (i) the benchmark rate, (ii) the underlying currency and/or (iii) the borrowing period. We typically enter into these swaps to optimize our interest rate profile based on our current evaluations of yield curves, our risk management policies and other factors. The following table sets forth the total U.S. dollar equivalents of the notional amounts and related weighted average remaining contractual lives of our basis swap contracts at September 30, 2025:Notional amount due from counterpartyWeighted average remaining life in millionsin yearsTelenet$3,600.0 0.3VM Ireland$1,058.1 0.3Interest Rate Caps, Floors and CollarsFrom time to time, we enter into