Loan & DebtJun 18, 2026, 04:12 PM
Liberty Media's MotoGP Subsidiary Reprices Debt, Reduces by $114M
AI Summary
Liberty Media Corporation announced that its indirect subsidiary, MotoGP Sports Entertainment Group, S.L., completed the repricing of its first lien Term Loan B, Term Loan A, and revolving credit facility. This action resulted in a net reduction of approximately $114 million equivalent in debt, funded by MotoGP's balance sheet cash. The repricing also lowered the interest margin for the Term Loan B and adjusted the ranges for Term Loan A and the revolving credit facility, improving MotoGP's financial structure and leverage ratio.
Key Highlights
- MotoGP, a Liberty Media subsidiary, repriced its first lien Term Loan B, Term Loan A, and revolving credit facility.
- Net reduction of approximately $114 million equivalent across the debt facilities, funded by cash.
- Term Loan B reduced from "800 million to 720 million, and Term Loan A from $231 million to $209 million.
- The current margin for Term Loan B was reduced from 2.50% to 2.25%.
- Pro forma for the repricing, MotoGP has approximately $72 million cash and $1,037 million principal debt.
- MotoGP's net senior secured leverage ratio pro forma is 4.6x as of March 31, 2026.
- The debt facilities remain non-recourse to Liberty Media Corporation.
Price Impact
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