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Formula 1 secures $2.55 billion loan ahead of MotoGP takeover
© XPB Phillip van Osten
11/09/2024 at 13:46 Formula 1 secured on Tuesday a $2.55 billion loan package to help finance Liberty Media’s acquisition of MotoGP. Liberty initially sought an $850 million leveraged loan for the purchase. It later added a US$1.7 billion term loan refinancing. Both loans mature in September 2031, according to Bloomberg. Liberty’s take-over of MotoGP – valued at $4.2 billion – was announced last April. The acquisition, funded by a combination of shares and cash, represents an 86% stake in Dorna Sports, while the remaining 14% will remain with MotoGP’s management. Speaking at a Goldman Sachs Communacopia & Technology Conference on Wednesday,...
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