Formula 1 Now Seeks $2.55 Billion as Loan Refinancing Unveiled [Yahoo! Finance]
Liberty Media Corporation - Series A Liberty SiriusXM (LSXMA)
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Source: Yahoo! Finance
(Bloomberg) -- Racing circuit Formula 1 has decided to refinance a $1.7 billion loan alongside efforts to raise $850 million for its parent's pending acquisition of MotoGP World Championship. Most Read from Bloomberg World's Second Tallest Tower Spurs Debate About Who Needs It The Plan for the World's Most Ambitious Skyscraper Renovation Madrid to Ban E-Scooter Rentals, Following Lead Set in Paris The Outsized Cost of Expanding US Roads How Air Conditioning Took Over the American Office The refinancing plan, unveiled Friday, has resulted in lender commitments now being due Sept. 10, according to a person familiar with the matter who asked not to be identified as they're not authorized to speak publicly. They were due Friday for the $850 million deal. Price talk is unchanged, at 200 basis points over the Secured Overnight Financing Rate and offered at 99.5 cents to 99.75 cents on the dollar, the person said. The loan to be refinanced would be extended about 20 months t
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News
- Are You a Value Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Sirius XM Stock Has a Good Debut as Independent Company. Berkshire Hathaway Becomes Top Shareholder. [Yahoo! Finance]Yahoo! Finance
- Formula 1 Wraps Up $2.55 Billion M&A, Refinancing Loan Package [BNN Bloomberg (Canada)]BNN Bloomberg
- Formula 1 Wraps Up $2.55 Billion M&A, Refinancing Loan Package [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Formula 1 Wraps Up $2.55 Billion M&A, Refinancing Loan Package [Yahoo! Finance]Yahoo! Finance
LSXMA
Earnings
- 8/8/24 - Miss
LSXMA
Sec Filings
- 9/11/24 - Form 4
- 9/11/24 - Form 4
- 9/11/24 - Form 4
- LSXMA's page on the SEC website