麻豆最新出品 Announces Closing of Refinancing of MotoGP鈩� Debt Facilities

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- 麻豆最新出品 (鈥溌槎棺钚鲁銎封��) (Nasdaq: FWONA, FWONK, LLYVA, LLYVK) announced today that Dorna Sports, S.L. (鈥淢otoGP鈥�) closed the refinancing and maturity extension of its first lien Term Loan B, first lien Term Loan A and first lien revolving credit facility on August 18, 2025. MotoGP is a subsidiary of 麻豆最新出品 and is the exclusive commercial rights holder of the FIM MotoGP鈩� World Championship.

MotoGP refinanced the previous 鈧�975 million Term Loan B with a maturity of March 31, 2029 with a new 鈧�800 million Term Loan B with a maturity of August 18, 2032, the previous 鈧�150 million Term Loan A with a maturity of September 29, 2028 with a new $232.5 million Term Loan A with a maturity of August 18, 2030 and the previous 鈧�100 million multicurrency revolving credit facility with a maturity of September 30, 2028 with a new 鈧�100 million multicurrency revolving credit facility with a maturity of August 18, 2030. The net reduction of 鈧�125 million under the debt facilities was funded with cash from MotoGP鈥檚 balance sheet. Based on MotoGP鈥檚 balance sheet as of June 30, 2025 and assuming exchange rates as of that date, pro forma for the refinancing transactions, MotoGP has approximately $187 million of cash and liquid investments and principal amount of debt of $1.2 billion. MotoGP鈥檚 net senior secured leverage ratio as of June 30, 2025 as defined in its credit facility and pro forma for the refinancing transactions is 5.2x.

The margin for the Term Loan B has been reduced from 3.25% to 2.75% (with a range of 2.25% to 2.75% based on MotoGP鈥檚 consolidated net senior secured leverage ratio) with a reference rate of EURIBOR. The margin for the Term Loan A has been reduced from 2.50% to 1.75% (with a range of 1.50% to 2.00% based on MotoGP鈥檚 consolidated net senior secured leverage ratio) with a reference rate of Term SOFR. The margin for the revolving credit facility has been reduced from 2.50% to 2.25% (with a range of 2.00% to 2.50% based on MotoGP鈥檚 consolidated net senior secured leverage ratio) with a reference rate of one of Term SOFR, SONIA or EURIBOR based on the currency of the applicable borrowing. The Term Loan B, the Term Loan A and the revolving credit facility remain non-recourse to 麻豆最新出品. MotoGP, together with the debt described herein, is attributed to 麻豆最新出品鈥檚 Formula One Group tracking stock.

About 麻豆最新出品

麻豆最新出品 (鈥溌槎棺钚鲁銎封��) operates and owns interests in media, sports and entertainment businesses. Those businesses are attributed to two tracking stock groups: the Formula One Group and the 麻豆最新出品 Live Group. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include 麻豆最新出品鈥檚 subsidiaries Formula 1, MotoGP and Quint, and other minority investments. The businesses and assets attributed to the 麻豆最新出品 Live Group (NASDAQ: LLYVA, LLYVK) include 麻豆最新出品鈥檚 interest in Live Nation and other minority investments.

About Dorna Sports, S.L.

Dorna Sports, S.L (鈥淢otoGP鈥�) became the sole commercial and television rights holder of the FIM MotoGP鈩� World Championship in 1991 and is based in Madrid, with premises in Barcelona and a subsidiary in Rome. MotoGP holds exclusive rights to MotoGP feeder series Moto2鈩� and Moto3鈩�, electric series MotoE鈩�, the FIM Superbike World Championship and the FIM Women's Circuit Racing World Championship.

Source: 麻豆最新出品

麻豆最新出品 鈥� Investor Contact
Shane Kleinstein, +1 720-875-5432

Source: 麻豆最新出品

Released August 18, 2025