Formula 1 Wraps Up $2.55 Billion M&A, Refinancing Loan Package [Yahoo! Finance]
Liberty Media Corporation - Series A Liberty SiriusXM (LSXMA)
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Source: Yahoo! Finance
association MotoGP World Championship after investor interest led to a refinancing transaction being added to the offering. Most Read from Bloomberg How Americans Voted Their Way Into a Housing Crisis Chicago Halts Hiring as Deficit Tops $1 Billion Through 2025 After a Record Hot Summer, Pressure Grows for A/C Mandates World's Second Tallest Tower Spurs Debate About Who Needs It UC Berkeley Gives Transfer Students a Purpose-Built Home on Campus The racing circuit initially sought an $850 million leveraged loan for the purchase. It later added a $1.7 billion term loan refinancing. The loans priced two percentage points above the Secured Overnight Financing Rate and were issued at par, according to a person familiar with the matter who asked not to be identified as they're not authorized to speak publicly. Pricing was tightened earlier Tuesday from initial talk. The margins can be reduced 0.25 percentage point if Formula 1's net leverage ratio falls to certain level, the
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