---
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"
generated_at: "2026-06-18T20:16:23.065614+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# MotoGP reprices debt facilities, reduces Term Loan B by €80M and Term Loan A by $22M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560385-26-000018
- JSON: https://secwatch.observer/filing/0001560385-26-000018.json
- Plain text: https://secwatch.observer/filing/0001560385-26-000018.txt

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