News Details
Liberty Media tuck into Formula 1 debts
Liberty Media announced today that it intends to launch a process to refinance the $3,302 million first lien term loan of certain subsidiaries of Delta Topco Limited, the Liberty subsidiary which holds all of its interests in Formula 1, the iconic global motorsports business. Concurrent with the refinancing, the relevant subsidiaries of Delta Topco Limited intend to repay up to $400 million of the first lien term loan using a combination of excess cash on the balance sheet and loans under the first lien revolving credit facility, subject to obtaining necessary consents and funding of the relevant loans. As of December 31, 2017, the first lien revolving credit facility was undrawn. The...
Full Story »
Full Story »
8y ago from GrandPrix247.com
0
You May Also Be Interested In...
Are Liberty taking Formula 1 in the right direction?
With the first year of Liberty Media's reign over Formula 1 in the books,...
8y ago from PlanetF1.com
Trademark trouble over F1’s new logo
F1 is heading for trademark trouble after launching its new official logo....
8y ago from ThisIsF1.com
Nurburgring in Liberty Media Talks about 2019 Calendar...
Bosses of the Nurburgring have revealed that positive talks have taken...
8y ago from TheCheckeredFlag....
F1 Audience Increases in First Year of Liberty Media...
Formula 1 has been named the fastest-growing sport on social media, while...
8y ago from TheCheckeredFlag....
Elsewhere On The Network
Popular On MGPToday.com
What has changed in the new Marc Marquez a year after...
No description available...
9h ago from Motorsport.com
Pit Beirer admits KTM's engine problems “almost...
No description available...
8h ago from Motorsport.com
This is the new tail section that Marco Bezzecchi...
No description available...
1d ago from Motorsport.com
How Pedro Acosta's unique riding style is making the...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar retains Independent Officiating Board...
No description available...
5h ago from Motorsport.com
Ganassi on Lundgaard signing: “When is the last time...
No description available...
7h ago from Motorsport.com
IndyCar Officiating retains leadership into second...
The Independent Officiating Board, which officiates all aspects of the...
5h ago from MotorsportWeek.c...
Christian Lundgaard’s values as important as results...
Chip Ganassi Racing is embarking on a new chapter with it’s famed #9...
23h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Adrien Fourmaux eager to end WRC's Rally1 chapter in...
No description available...
1d ago from Motorsport.com
Dani Sordo explains co-driver change for WRC season...
No description available...
1d ago from Motorsport.com
Sami Pajari’s wish ahead of WRC title decider, as...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal eye ambitious 70-80m transfer of Real Madrid's...
Arsenal are reportedly eyeing an ambitious transfer move for Real Madrid...
5h ago from CaughtOffside.com
Latest on Chelsea and Arsenal transfer targets’...
Bournemouth are reportedly not willing to consider selling any one of star...
5h ago from CaughtOffside.com
'No way' – Former Arsenal star makes damning...
Former Arsenal left-back Armand Traore has aimed a clear dig at Viktor...
5h ago from CaughtOffside.com
Recent Liverpool signing was not welcomed by current...
Florian Wirtz has very clearly struggled in his time at Liverpool so far...
5h ago from CaughtOffside.com
Comments
Hottest News
F1 champion gets baby son into karting at two months old
Two-time F1 world champion Fernando Alonso has... Read More »
59m ago from GPFans.com
F1 star admits hiding major injury after 'stupid' punch
Isack Hadjar has opened up for the first time on... Read More »
2h ago from GPFans.com
Ferrari insiders 'questioning' Vasseur as Horner comments...
Some inside Ferrari are 'questioning' Fred... Read More »
1h ago from GPFans.com
