{"schema_version":"secwatch.filing_event.v1","accession":"0001560385-26-000018","form_type":"8-K","ticker":"FWONA","cik":"0001560385","company_name":"Liberty Media Corp","filed_at":"2026-06-18T20:06:32+00:00","discovered_at":"2026-06-18T20:07:00.329497+00:00","generated_at":"2026-06-18T20:16:23.065614+00:00","sec_items":["7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"MotoGP reprices debt facilities, reduces Term Loan B by €80M and Term Loan A by $22M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001560385-26-000018","json":"https://secwatch.observer/filing/0001560385-26-000018.json","markdown":"https://secwatch.observer/filing/0001560385-26-000018.md","text":"https://secwatch.observer/filing/0001560385-26-000018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560385/000156038526000018/0001560385-26-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560385/000156038526000018/lmca-20260617x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T20:16:23.065614+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}