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Get filing alertsStubHub extends term loans to 2033, cuts borrowing costs 25 bps and upsizes USD loan to $975M
Filed October 14, 2026 · Period ending October 14, 2026 · ~1 min read
Key Changes
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StubHub amended its credit agreement, extending USD and Euro term loan maturities from March 2030 to October 2033 and reducing borrowing costs by 25 basis points.
Item 1.01 verify on EDGAR → -
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The USD Term Loan B was increased from about $804 million to $975 million, while the Euro Term Loan B was reduced from about €452 million to €300 million, keeping total term loan amount unchanged.
Item 1.01 verify on EDGAR → -
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StubHub repaid $1.1 billion of debt over the prior twelve months, and Moody's upgraded its corporate family rating to B2 from B3 in September.
Exhibit 99.1 view on EDGAR → -
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The $565 million revolving credit facility now has $425 million maturing in October 2031, extended by one year, while $140 million still matures in September 2030.
Item 1.01 verify on EDGAR → -
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Interest margins are set at 4.50% for the USD term loan, 4.75% for the Euro term loan, and 3.50% for the revolving facility, with step-downs possible based on leverage.
Item 1.01 verify on EDGAR →
Summary
StubHub Holdings amended its senior credit agreement to extend maturities and adjust its debt mix. The USD term loan was increased to approximately $975 million while the Euro term loan was reduced to about €300 million, leaving total term loan debt unchanged but reducing foreign exchange exposure.
Both term loans now mature in October 2033, 3.5 years later than before, and borrowing costs improved by 25 basis points. The company also extended a portion of its revolving credit facility by one year. The filing highlights significant deleveraging: StubHub repaid $1.1 billion of debt over the past twelve months, and Moody's upgraded its corporate family rating to B2 from B3 in September.
These moves extend the company's debt runway and lower interest expense, which should support cash flow. The amendment was reported under Item 1.01 as a material definitive agreement and cross-referenced under Item 2.03 as a direct financial obligation.
Section-by-Section Diff
Event · Item 2.03 — Creation of a Direct Financial Obligation
Item 2.03 also reports this as a direct financial obligation (body incorporates the primary Item by reference).
Added in current filing · verify on EDGAR →
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
The company also filed this under Item 2.03, which means it is reporting the arrangement as a direct financial obligation. The Item 2.03 text refers back to the Item 1.01 entry for the terms rather than restating them.
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
The margin for the USD Term Loan B is 4.50%, for the Euro Term Loan B is 4.75% and for the Revolving Credit Facility is 3.50%, subject to step-downs to 3.25% and 3.00% based on a Consolidated First Lien Secured Leverage Ratio (as defined in the Amended Credit Agreement) of 2.00x and 1.50x, respectively.
The amended credit agreement sets interest margins of 4.50% for the USD term loan, 4.75% for the euro term loan, and 3.50% for the revolving facility. The revolving facility margin can step down to 3.25% or 3.00% if the company's first lien secured leverage ratio falls to 2.00x or 1.50x.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The Amended Credit Agreement includes (i) a $120 million letter of credit sublimit and (ii) a $60 million swingline loan sublimit; each of these sublimits are part of, and not in addition to, the amounts available under the Revolving Credit Facility.
The revolving credit facility includes a $120 million letter of credit sublimit and a $60 million swingline loan sublimit. These sublimits are carved out of the $565 million revolving facility rather than adding to it.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
extend the maturity of its $804 million USD Term Loan B and its €452 million Euro Term Loan B (collectively, the “Term Loans”) by 3.5 years from March 2030 to October 2033
StubHub extended the maturity of its USD and Euro term loans by 3.5 years, from March 2030 to October 2033. This pushes out the company's debt repayment timeline and extends its capital structure runway.
Added in current filing · view on EDGAR →
the company increased the USD Term Loan B by $171 million and reduced the Euro Term Loan B by €152 million, thereby strengthening its foreign exchange risk profile. As a result, the amended credit agreement now consists of a $975 million USD Term Loan B and a €300 million Euro Term Loan B. The total amount under the Term Loans remains unchanged.
StubHub shifted $171 million from its Euro term loan into its USD term loan, reducing euro-denominated debt by €152 million. The total term loan amount is unchanged, but the company now has less exposure to euro currency fluctuations.
Added in current filing · view on EDGAR →
The transaction brought a 25-basis point improvement in borrowing costs with the extended USD Term Loan B bearing interest at SOFR plus 450 basis points and the extended Euro Term Loan B bearing interest at EURIBOR plus 475 basis points.
The refinancing reduced borrowing costs by 25 basis points. The new USD term loan carries interest at SOFR plus 450 basis points, and the Euro term loan at EURIBOR plus 475 basis points.
Added in current filing · view on EDGAR →
The company also extended the maturity of a portion of its existing Revolving Credit Facility by one year from September 2030 to October 2031, subject to the terms of the amendment.
A portion of the revolving credit facility was extended by one year, from September 2030 to October 2031. This provides additional flexibility on the company's shorter-term borrowing capacity.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 15, 2026 · How we verify