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Get filing alertsLiberty Media's MotoGP subsidiary reprices debt, cuts Term Loan B margin to 2.25%
Filed June 18, 2026 · Period ending June 17, 2026 · ~1 min read
Key Changes
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MotoGP repriced its credit facilities, reducing Term Loan B from €800M to €720M and Term Loan A from $231M to $209M, paying down $114M in principal with cash on hand while maintaining August 2030-2032 maturities.
Exhibit 99.1 view on EDGAR → -
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Term Loan B margin reduced from 2.50% to 2.25% over EURIBOR, with the leverage-based range now 2.00%-2.25% (down from 2.25%-2.75%), lowering borrowing costs on MotoGP's largest debt facility.
Exhibit 99.1 view on EDGAR → -
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Term Loan A margin unchanged at 1.50% over Term SOFR, but leverage-based range improved to 1.25%-1.50% from 1.50%-2.00%, providing potential for further rate reductions if leverage improves.
Exhibit 99.1 view on EDGAR → -
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Pro forma for the repricing, MotoGP has $72M in cash and liquid investments against $1,037M in debt, with net senior secured leverage at 4.6x as of March 31, 2026. Debt remains non-recourse to Liberty Media.
Exhibit 99.1 view on EDGAR →
Summary
Liberty Media's MotoGP subsidiary closed a repricing of its first lien credit facilities on June 17, 2026, reducing borrowing costs and paying down $114 million in principal. The company refinanced its €800 million Term Loan B into a new €720 million facility and its $231 million Term Loan A into a $209 million facility, both with unchanged maturity dates (August 2030 for Term Loan A, August 2032 for Term Loan B).
The €100 million revolving credit facility was maintained at the same size and maturity. The repricing delivers immediate interest savings by cutting the Term Loan B margin from 2.50% to 2.25% over EURIBOR, with the leverage-based range now 2.00%-2.25% (down from 2.25%-2.75%).
The Term Loan A margin remains at 1.50% over Term SOFR, but the range improved to 1.25%-1.50% from 1.50%-2.00%, creating room for further rate reductions if MotoGP's leverage improves. The $114 million principal paydown was funded from MotoGP's cash on hand, leaving the subsidiary with $72 million in cash and liquid investments against $1,037 million in total debt. Pro forma net senior secured leverage stands at 4.6x as of March 31, 2026. The debt remains non-recourse to Liberty Media Corporation, isolating the parent from MotoGP's obligations.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
MotoGP repriced the previous €800 million Term Loan B with a maturity of August 18, 2032 with a new €720 million Term Loan B due August 18, 2032, the previous $231 million Term Loan A with a maturity of August 18, 2030 with a new $209 million Term Loan A with a maturity of August 18, 2030 and the previous €100 million multicurrency revolving credit facility with a maturity of August 18, 2030 with a new €100 million multicurrency revolving credit facility due August 18, 2030. The net reduction of approximately $114 million equivalent under the debt facilities was funded with cash from MotoGP’s balance sheet.
MotoGP, Liberty Media's subsidiary holding commercial rights to the FIM MotoGP World Championship, closed a repricing of its first lien credit facilities on June 17, 2026. The company reduced its Term Loan B from €800 million to €720 million, its Term Loan A from $231 million to $209 million, and maintained its €100 million revolving credit facility, all with unchanged maturity dates. The net $114 million principal reduction was funded from MotoGP's cash on hand.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 21, 2026 · How we verify