debt
confidence high
sentiment neutral
materiality 0.55
MotoGP reprices debt facilities, reduces Term Loan B by €80M and Term Loan A by $22M
Liberty Media Corp
- MotoGP closed repricing of €720M Term Loan B (from €800M), $209M Term Loan A (from $231M), and €100M revolver (unchanged).
- Net debt reduction of ~$114M funded from MotoGP cash; pro forma cash $72M, total debt $1,037M.
- Pro forma net senior secured leverage ratio 4.6x as of March 31, 2026.
- Term Loan B margin cut from 2.50% to 2.25% (range 2.00%-2.25%); Term Loan A and revolver margins unchanged but ranges narrowed.
- All debt facilities remain non-recourse to Liberty Media.