Liberty Announces Payment of Semi-Annual Interest Payment & Additional Distribution on 4.0% Senior Exchangeable Debentures Du...

Liberty Interactive LLC ("Liberty"), a subsidiary of Liberty Interactive Corporation (Nasdaq: QVCA, QVCB, LVNTA, LVNTB), announces a semi-annual interest payment and additional distribution to the holders of its 4.0% Senior Exchangeable Debentures due 2029 (the "Debentures"). The amount of the semi-annual payment was $20.00 per $1,000 original principal amount of Debentures, and the amount of the additional distribution was $0.8489 per Debenture. Under the Indenture for the Debentures, the original principal amount of the Debentures is adjusted in an amount equal to each extraordinary distribution made to holders of the Debentures. Thereafter, the adjusted principal amount is further reduced on each successive semi-annual interest payment date to the extent necessary to cause the semi-annual interest payment to represent the payment of an annualized yield of 4.0% of the adjusted principal amount. This latter adjustment, to the extent it is made by reason of a particular extraordinary distribution that results in an adjustment to the principal amount of the Debentures, takes effect on the second succeeding interest payment date after the payment of that extraordinary distribution.

To date, there has been one extraordinary distribution to holders of the Debentures. On August 7, 2013, Liberty made an extraordinary distribution of $63.0960 per $1,000 original principal amount of Debenture arising from the merger transaction between Sprint Nextel Corporation and SoftBank Corp.

Adjustments to the principal amount of the Debentures do not affect the amount of the semi-annual payments received by holders of the Debentures, which will continue to be a rate equal to 4.0% per annum of the original principal amount of the Debentures. Below is a detail of the amount of the payment being made on the Debentures, its allocation between payment of interest and repayment of principal and the revised adjusted principal amount resulting from the payment, per $1,000 original principal amount of the Debentures:

November 15,2014 BeginningAdjusted Principal

TotalPayment

Interest

AdditionalPayment ofPrincipal

November 15,2014 EndingAdjusted Principal

        
        
        
      
      
        
          $935.6421
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $20.0000
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          

$18.7128

        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $1.2872
        
        
           
        
        
           
        
        
           
        
        
           
        
        
          $ 934.3549
        
        
        
      
      
        
        
        
           
        
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
           
        
        
           
        
        
           
        
        
        
        
        
      
    
    

Liberty also made an additional distribution of $0.8489 per Debenture, attributable to the quarterly cash dividend paid by CenturyLink Inc. on 6/20/14 and 9/12/14. The additional distribution does not result in an adjustment to the adjusted principal amount of the Debentures.

The semi-annual interest payment and additional distribution were made on November 15, 2014 to holders of record of the Debentures on November 1, 2014.

About Liberty Interactive LLC

Liberty Interactive LLC is an intermediate subsidiary of Liberty Interactive Corporation, owning interests in a broad range of electronic retailing, media, communications, and entertainment businesses.

Liberty Interactive CorporationCourtnee Ulrich, 720-875-5420