{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-101538","form_type":"8-K","ticker":"FWONA","cik":"0001560385","company_name":"Liberty Media Corp","filed_at":"2024-09-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.520502+00:00","generated_at":"2026-05-31T02:47:53.914269+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Formula 1 closes $1.7B Term Loan B refinancing, secures $1B incremental funding for MotoGP acquisition","bullets":["Refinanced $1.7B Term Loan B (due 2030) into new one due 2031; extended $689M Term Loan A and $500M revolver from 2028 to 2029.","Margin on Term Loan B cut to 2.00% (from 2.25%), with potential step-down to 1.75% if net leverage <=3.75x post-Dorna.","Secured $850M incremental Term Loan B and $150M incremental Term Loan A to fund Dorna acquisition; funding contingent on deal close.","Dorna acquisition of MotoGP rights expected close by year-end 2024; all necessary debt funding now arranged.","All debt non-recourse to Liberty Media; attributed to Formula One Group tracking stock."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-101538","json":"https://secwatch.observer/filing/0001104659-24-101538.json","markdown":"https://secwatch.observer/filing/0001104659-24-101538.md","text":"https://secwatch.observer/filing/0001104659-24-101538.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560385/000110465924101538/0001104659-24-101538-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560385/000110465924101538/tm2424432d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T02:47:53.914269+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}