Liberty Media Corporation announced that its subsidiary MotoGP Sports Entertainment Group closed the repricing of its first lien Term Loan B, Term Loan A, and revolving credit facility on June 17, 2026. The previous €800 million Term Loan B was replaced with a new €720 million Term Loan B due August 18, 2032, the previous $231 million Term Loan A was replaced with a new $209 million Term Loan A due August 18, 2030, and the previous €100 million multicurrency revolving credit facility was replaced with a new €100 million facility due August 18, 2030. The net reduction of approximately $114 million equivalent was funded with cash from MotoGP's balance sheet. The margin on the Term Loan B was reduced from 2.50% to 2.25%, while margins on the Term Loan A and revolving credit facility remain unchanged at 1.50% and 2.00%, respectively. Pro forma for the repricing, MotoGP had approximately $72 million of cash and liquid investments and principal debt of $1,037 million as of March 31, 2026, with a net senior secured leverage ratio of 4.6x.
Liberty Media Corporation Series C Liberty Formula One Common StockMotoGP subsidiary repriced debt at lower margin and reduced principal, improving financial terms.