Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
FuboTV Inc. incurred convertible notes of $177,506,000 in aggregate principal amount with U.S. Bank Trust Company, National Association at (i) 7.500% per annum ... if interest is paid in cash and (ii) 10.000% per annum maturing February 15, 2029.
- Instrument
- convertible notes
- Principal
- $177,506,000 in aggregate principal amount
- Counterparty
- U.S. Bank Trust Company, National Association
- Rate
- (i) 7.500% per annum ... if interest is paid in cash and (ii) 10.000% per annum
- Maturity
- February 15, 2029
- Event
- incurrence
Exact text from the filing
On December 29, 2023, fuboTV Inc. (the "Company") entered into a privately negotiated exchange agreement (the "Exchange Agreement") with certain affiliates and related funds of Mudrick Capital Management, L.P. (collectively, "Mudrick"), which were holders of the Company's existing 3.25% Convertible Senior Notes due 2026 (the "2026 Notes"), to exchange (the "Exchange") $205,835,000 principal amount of the 2026 Notes for $177,506,000 in aggregate principal amount of the Company's new convertible senior secured notes due 2029 (the "2029 Notes"). The 2029 Notes were issued pursuant to, and are governed by, an indenture (the "Indenture"), dated as of January 2, 2024, among the Company, the guarantors identified therein (the "Guarantors") and U.S. Bank Trust Company, National Association, as trustee (the "Trustee") and collateral agent (the "Collateral Agent").
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FuboTV Inc. entered into Exchange Agreement with certain affiliates and related funds of Mudrick Capital Management, L.P. valued at $205,835,000 principal amount of the 2026 Notes (effective 2023-12-29).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- certain affiliates and related funds of Mudrick Capital Management, L.P.
- Value
- $205,835,000 principal amount of the 2026 Notes
- Effective
- 2023-12-29
Exact text from the filing
entered into a privately negotiated exchange agreement (the “Exchange Agreement”) with certain affiliates and related funds of Mudrick Capital Management, L.P. (collectively, “Mudrick”), which were holders of the Company’s existing 3.25% Convertible Senior Notes due 2026 (the “2026 Notes”), to exchange (the “Exchange”) $205,835,000 principal amount of the 2026 Notes for $177,506,000 in aggregate principal amount of the Company’s new convertible senior secured notes due 2029 (the “2029 Notes”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FuboTV Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $177,506,000 (effective 2024-01-02).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- U.S. Bank Trust Company, National Association
- Value
- $177,506,000
- Effective
- 2024-01-02
Exact text from the filing
$177,506,000 in aggregate principal amount of the Company’s new convertible senior secured notes due 2029 (the “2029 Notes”). The 2029 Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of January 2, 2024, among the Company, the guarantors identified therein (the “Guarantors”) and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”) and collateral agent (the “Collateral Agent”).
View on SEC.gov