Atlanta Braves Holdings, Inc. Announces Launch Of Secondary Public Offering Of 1,811,066 Shares Of Its Series C Common Stock

Author: Benzinga Newsdesk | November 06, 2023 06:50pm

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA, BATRK))))) ("Atlanta Braves Holdings") today announced a proposed secondary public offering of 1,811,066 shares of its Series C common stock (the "Shares") currently held by Liberty Media Corporation ("Liberty Media"). Liberty Media expects to exchange the Shares for certain indebtedness of Liberty Media held by an affiliate of J.P. Morgan Securities LLC (the "Selling Stockholder") prior to the closing of the offering. The Selling Stockholder then expects to sell the Shares to the underwriter in the offering. Atlanta Braves Holdings is not selling any shares of its common stock and will not receive any of the proceeds from the sale of the Shares by the Selling Stockholder in the offering.

J.P. Morgan Securities LLC is acting as underwriter for the offering.

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