Company: LBTYK
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001570585-25-000021
Chunk: 103

Company: Liberty Global Ltd.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 9C
Chunk 103
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0 million note receivable ($724.4 million and $774.5 million equivalent at December 31, 2024 and 2023, respectively) (the VodafoneZiggo JV Receivable I) and (ii) a €207.9 million note receivable ($215.1 million and $230.0 million equivalent at December 31, 2024 and 2023, respectively) (the VodafoneZiggo JV Receivable II and, together with the VodafoneZiggo JV Receivable I, the VodafoneZiggo JV Receivables). The VodafoneZiggo JV Receivables bear interest at a rate of 5.55% and have a final maturity date of December 31, 2030. During 2024, interest accrued on the VodafoneZiggo JV Receivables was €53.5 million ($55.4 million), all of which has been cash settled. (d)Liberty Global owns a 50% noncontrolling voting interest in the AtlasEdge JV. (e)Liberty Global owns a 25% noncontrolling voting interest in the nexfibre JV.(f)As a result of the Formula E Acquisition, our ownership increased to 65.6% and we began consolidating Formula E’s results from the Formula E Acquisition Date. For additional information regarding the Formula E Acquisition, see note 5.(g)On May 16, 2024, Liberty Global, together with joint owner Warner Bros. Discovery, completed the sale of All3Media to RedBird IMI. We received £330.8 million ($419.3 million at the transaction date) of total cash in connection with the sale, including the repayment of the principal and accrued interest associated with long-term notes receivable from All3Media. We recognized a gain on the sale of All3Media of £212.3 million ($242.9 million at the transaction date).(h)Represents investments held under SMAs, which are maintained by investment managers acting as agents on our behalf. We classify, measure and report these investments, the composition of which may change from time to time, based on the underlying nature and characteristics of each security held under the SMAs. With the exception of our SMA in a leveraged structured note, all of our investments held under SMAs were classified as available-for-sale debt securities as of December 31, 2024. Our SMA held in a leveraged structured note