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 »
7y 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,...
7y ago from PlanetF1.com
Trademark trouble over F1’s new logo
F1 is heading for trademark trouble after launching its new official logo....
7y ago from ThisIsF1.com
Nurburgring in Liberty Media Talks about 2019 Calendar...
Bosses of the Nurburgring have revealed that positive talks have taken...
7y 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...
7y ago from TheCheckeredFlag....
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez would “hate” Barcelona if it...
No description available...
20h ago from Motorsport.com
Luca Marini has “really high expectations” from...
No description available...
17h ago from Motorsport.com
Popular On IndyCarToday.com
Colton Herta leaves IndyCar to pursue F1 with Cadillac...
The Cadillac F1 Team has announced that it has hired IndyCar star Colton...
15h ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
14h ago from Motorsport.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
1d ago from MotorsportWeek.c...
IndyCar moves street race from Toronto to Markham for...
No description available...
15h ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
3d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
3d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Sources: Arsenal expected to make 'official move' for...
Luiz Benedetti, the young centre-back from Palmeiras, has caught the...
1h ago from CaughtOffside.com
Champions League squad named: Dowman in, no place for...
Morning. It's Thursday and we're right into the Interlull now. If you want...
1h ago from Arseblog.com
“It’s easy to criticise if you’re not on the...
Viktor Gyokeres has shared his thoughts on Freddie Ljungberg's criticism...
20h ago from SportsKeeda.com
Nottingham Forest secure late loan move for Zinchenko
Nottingham Forest have pulled off a late Deadline Day loan move for...
21h ago from SkySports.com
Comments
Hottest News
Hamilton set for trial by media as Ferrari exit rumours...
The spotlight will be on Lewis Hamilton this... Read More »
48m ago from GPFans.com
Toto Wolff shares relief over 'dreaded' Lewis Hamilton...
Lewis Hamilton made a shock decision last year to... Read More »
58m ago from RacingNews365.com
Teenager Fairclough drives Aston Martin AMR23 at Silverstone
No description available... Read More »
48m ago from GrandPrix247.com