GCI Liberty, Inc. announced the completion of its rights offering on December 17, 2025, generating approximately $300 million in proceeds.
The funds raised will be utilized for general corporate purposes, including working capital, capital expenditures, and debt repayment or refinancing.
Additionally, GCI Liberty may consider using a portion of the proceeds for potential strategic acquisitions, investments, or partnerships.
Successful Rights Offering
The rights offering was fully subscribed, with 11,059,127 shares of Series C GCI Group common stock to be issued.
Allocation Process
Remaining shares for oversubscription privileges were allocated pro rata among validly oversubscribing rightsholders based on the number of rights exercised.
Issuance of Stock
The shares of Series C GCI Group common stock purchased in the offering were issued on December 23, 2025.
- The completion of the rights offering boosts GCI Liberty's financial position with $300 million in additional capital.
- The successful subscription indicates investor confidence in GCI Liberty's future growth prospects and strategic initiatives.
The successful completion of the rights offering demonstrates investor trust in GCI Liberty's strategic direction and potential for growth.