Liberty Media Announces Closing of MotoGP Debt Refinancing and Maturity Extension

Liberty Media Corp

Dorna Sports closed refinancing of €800M Term Loan B maturing Aug 2032, replacing €975M loan with Mar 2029 maturity.
New $232.5M Term Loan A and €100M revolving credit facility both mature in 2030, replacing previous facilities maturing 2028.
Net debt reduced by €125M using MotoGP cash; pro forma debt $1.2B, cash $187M as of June 30, 2025.
Interest margins reduced: Term Loan B from 3.25% to 2.75%, Term Loan A from 2.50% to 1.75%, revolving facility from 2.50% to 2.25%.
Debt remains non-recourse to Liberty Media.

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