---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-069182"
form_type: "8-K"
ticker: "FWONA"
cik: "0001560385"
company_name: "Liberty Media Corp"
filed_at: "2025-07-21T23:59:59+00:00"
generated_at: "2026-05-18T05:04:46.853777+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Dorna Sports pro forma cash €284M as of June 30; €150M term loan closed July 9

## Summary
- Pro forma cash and equivalents for Dorna Sports approx. €284M as of June 30, 2025.
- Incremental €150M term loan A facility closed on July 9, 2025, net proceeds included in cash.
- Dorna made €186M intercompany loan to a wholly-owned subsidiary of Liberty Media on July 10.
- Cash update provided ahead of lender presentation on July 23 for refinancing of term loans and revolver.
- Dorna financial information prepared under Spanish GAAP; no full quarterly results yet available.

## SEC filing metadata
- accession: 0001104659-25-069182
- form_type: 8-K
- ticker: FWONA
- cik: 0001560385
- company_name: Liberty Media Corp
- filed_at: 2025-07-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560385/000110465925069182/0001104659-25-069182-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560385/000110465925069182/tm2521299d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-069182
- JSON: https://secwatch.observer/filing/0001104659-25-069182.json
- Plain text: https://secwatch.observer/filing/0001104659-25-069182.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.