Company: LBRDK
Filing Date: 2025-01-17
Form Type: PRER14A
Source: 0001140361-25-001417
Chunk: 272

Company: Liberty Broadband Corp
Filing Date: 2025-01-17
Form: PRER14A
Chunk 272
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, or any claim related to any period of time at or prior to, the effective time, from an insurance carrier with the same or better credit rating as Liberty Broadband’s current insurance carrier with respect to such policies and with terms, conditions, retentions and limits of liability no less favorable to the intended beneficiaries than the coverage provided under such policies; provided, that, the cost of such “tail” policy will not exceed 300% of the last annual premium paid by Liberty Broadband for such policies. If the cost of such “tail” policy exceeds such threshold, then the obligation under this provision will be to obtain a “tail” policy with the greatest coverage available, from an insurance carrier with the same or better credit rating as Liberty Broadband’s current insurance carrier with respect to such policies with respect to matters occurring prior to the effective time, for a cost not exceeding such amount.**

#### Treatment of Existing Liberty Broadband Debt

#### Exchangeable Senior Debentures
Following the approval of the merger by Liberty Broadband’s stockholders, if (but only if) Charter so requests, Liberty Broadband must call for redemption its 3.125% exchangeable senior debentures due 2053 or its 3.125% exchangeable senior debentures due 2054 (referred to collectively as the “

#### exchangeable senior
debentures”) for cash within 10 business days of such request, subject to Liberty Broadband having sufficient liquidity to satisfy the applicable redemption and/or exchange obligation and certain other terms and conditions set forth in the merger agreement.

#### Indebtedness of GCI
The merger agreement provides that upon consummation of the GCI divestiture, Liberty Broadband and its subsidiaries will not have any liability for any indebtedness of GCI or any of its subsidiaries.

#### Other Indebtedness of Liberty Broadband
Liberty Broadband must provide customary cooperation to Charter to redeem or repay and terminate all outstanding indebtedness Liberty Broadband or any of its subsidiaries (excluding GCI and its subsidiaries), or to

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facilitate the assumption thereof by Charter or its subsidiaries, in each case, at closing (including the exchangeable senior debentures if outstanding at the time). Charter Loan Facility In certain circumstances, Charter may (or may be required to) make loans to Liberty Broadband prior to the consummation of the merger. Such circumstances include (a) in connection with the redemption or exchange