Company: LBTYK
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001570585-25-000183
Chunk: 74

Company: Liberty Global Ltd.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 8
Chunk 74
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 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 June 30, 2025:Notional amount due from counterpartyWeighted average remaining life in millionsin yearsTelenet$5,895.6 (a)0.3VM Ireland$1,058.6 0.5_______________ (a)Includes forward-starting derivative instruments.Interest Rate Caps, Floors and CollarsFrom time to time, we enter into interest rate cap, floor and collar agreements. Purchased interest rate caps and collars lock in a maximum interest rate if variable rates rise, but also allow our company to benefit, to a limited extent in the case of collars, from declines in market rates. Purchased interest rate floors protect us from interest rates falling below a certain level, generally to match a floating rate floor on a debt instrument. At June 30, 2025, we had no interest rate collar agreements, and the total U.S. dollar equivalents of the notional amounts of our purchased interest rate caps and floors were $1.1 billion and $1.3 billion, respectively.Impact of Derivative Instruments on Borrowing CostsThe impact of the derivative instruments that mitigate our foreign currency and interest rate risk, as described above, on our borrowing costs is as follows: Decrease to borrowing costs at June 30, 2025 (a) Telenet(1.69)%VM Ireland(1.59)%Total decrease to borrowing costs(1.67)%_______________(a)Represents the effect of derivative instruments in effect at June 30, 2025 and does not include forward-starting derivative instruments or swaptions.    

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

Foreign Currency Forwards and OptionsCertain of our subsidiaries enter into foreign currency forward and option contracts with respect to