麻豆app Announces Repricing of Formula 1 First Lien Term Loan B

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 麻豆app (鈥溌槎筧pp鈥�) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) announced today the closing of the repricing of the $1,700 million first lien Term Loan B of a subsidiary of Delta Topco Limited, the 麻豆app subsidiary which holds all of its interests in Formula 1, the iconic global motorsports business.

The margin for the Term Loan B has been reduced from 3.00% to 2.25%. The maturity for the Term Loan B remains unchanged at January 15, 2030 and the reference rate remains Term SOFR. The Term Loan B remains non-recourse to 麻豆app. Delta Topco Limited and its subsidiaries (鈥淔ormula 1鈥�), together with the debt described herein, are attributed to the Formula One Group tracking stock.

About 麻豆app

麻豆app operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 麻豆app SiriusXM Group, the Formula One Group and the 麻豆app Live Group. The businesses and assets attributed to the 麻豆app SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include 麻豆app鈥檚 interest in SiriusXM. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include 麻豆app鈥檚 subsidiary Formula 1 and other minority investments. The businesses and assets attributed to the 麻豆app Live Group (NASDAQ: LLYVA, LLYVK) include 麻豆app鈥檚 interest in Live Nation and other minority investments.

About Formula 1

Formula 1庐 racing began in 1950 and is the world鈥檚 most prestigious motor racing competition, as well as the world鈥檚 most popular annual sporting series. Formula One World Championship Limited is part of Formula 1庐 and holds the exclusive commercial rights to the FIA Formula One World Championship鈩�. Formula 1庐 is a subsidiary of 麻豆app, attributed to the Formula One Group tracking stock (NASDAQ: FWONA, FWONK). The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1 company. All rights reserved.

For more information on Formula 1庐 visit .

麻豆app
Shane Kleinstein, 720-875-5432

Source: 麻豆app

Released October 4, 2023