Liberty Media Corporation Announces Closing of Repricing of MotoGP™ Debt Facilities
MotoGP, a subsidiary of Liberty Media, completed a repricing of its debt facilities, resulting in a net reduction of approximately $114 million in principal using cash on its balance sheet. The transaction lowered the Term Loan B balance to €720 million from €800 million and the Term Loan A balance to $209 million from $231 million, while reducing the margin on the Term Loan B facility to 2.25% from 2.50%.
Key figures
- Rcf balance
- €100 million
- Cash pro forma
- $72 million
- Leverage ratio
- 4.6
- New tlb margin
- 2.25%
- Old tlb margin
- 2.50%
- Net debt reduction
- $114 million
- Term loan a balance
- $209 million
- Term loan b balance
- €720 million
- Debt principal pro forma
- $1,037 million
AI analysis
Red flags1 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.