StubHub Announces Extension of Senior Credit Facilities
StubHub amended its senior credit facilities, extending USD and Euro Term Loan B maturities by 3.5 years from March 2030 to October 2033 and a portion of its revolver to October 2031. The amended structure leaves total term loan debt unchanged at a $975 million USD Term Loan B and €300 million Euro Term Loan B, with a 25-basis-point reduction in borrowing costs (SOFR+450 / EURIBOR+475) and a stronger FX risk profile.
Key figures
- Moodys rating
- B2 (upgraded from B3)
- Debt repaid ltm
- $1.1 billion
- Usd term loan b
- $975 million
- Euro term loan b
- €300 million
- Usd tl b pricing
- SOFR + 450bps
- Euro tl b pricing
- EURIBOR + 475bps
- Usd tl b increase
- $171 million
- Euro tl b reduction
- €152 million
- Prior usd term loan b
- $804 million
- Prior euro term loan b
- €452 million
- Borrowing cost improvement
- 25 basis points
AI analysis
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