---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-079846"
form_type: "8-K"
ticker: "FWONA"
cik: "0001560385"
company_name: "Liberty Media Corp"
filed_at: "2025-08-18T23:59:59+00:00"
generated_at: "2026-05-17T11:53:56.431541+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Liberty Media Announces Closing of MotoGP Debt Refinancing and Maturity Extension

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-079846
- form_type: 8-K
- ticker: FWONA
- cik: 0001560385
- company_name: Liberty Media Corp
- filed_at: 2025-08-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560385/000110465925079846/0001104659-25-079846-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560385/000110465925079846/tm2523720d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-079846
- JSON: https://secwatch.observer/filing/0001104659-25-079846.json
- Plain text: https://secwatch.observer/filing/0001104659-25-079846.txt

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