secwatch.observer — SEC 8-K summary
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Issuer:     FuboTV Inc. (FUBO)
CIK:        0001484769
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001493152-24-000126
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fubo exchanges $205.8M of 2026 notes for $177.5M of 2029 secured notes, reducing debt by $28.3M
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- $205.8M principal of 3.25% convertible senior notes due 2026 exchanged for $177.5M in new 7.5%/10% convertible senior secured notes due 2029.
- Debt reduced by $28.3M; all new notes held by Mudrick Capital; no cash proceeds from the exchange.
- Interest payable at 7.5% cash or 10% PIK, semi-annually; secured by substantially all assets of Fubo and guarantors.
- Initial conversion rate 260.6474 shares per $1,000 principal (~$3.8366/share); max ~53.2M shares issuable upon conversion.
- Mudrick granted right of first refusal on secured debt, participation rights on unsecured debt, and preemptive rights on equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484769/000149315224000126/0001493152-24-000126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484769/000149315224000126/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-000126

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