Liberty Adds $1 Billion to Securities Registration
Liberty Media Corp., the cable television company run by John Malone, added $1 billion to a shelf registration that lets the company sell securities from time to time.
The Englewood, Colo.-based company filed with the Securities and Exchange Commission to register $3 billion of common stock, debt securities and warrants, which can be shelved until financing needs arise or market conditions are favorable. The company, a unit of AT&T; Corp., filed a $2-billion registration July 27.
Proceeds from the sale of securities will be used for general corporate purposes, the filing said.
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