secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Media Corp (FWONA)
CIK:        0001560385
Form:       8-K
Filed at:   2026-06-18T20:06:32+00:00
Accession:  0001560385-26-000018
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560385/000156038526000018/0001560385-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560385/000156038526000018/lmca-20260617x8k.htm
  HTML page:      https://secwatch.observer/filing/0001560385-26-000018

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