July 17, 2017 / 11:53 AM / 5 months ago

BRIEF-Liberty Media launches process to increase Formula 1 term loan and revolver capacity

July 17 (Reuters) - Liberty Media Corp:

* Liberty Media launches process to increase Formula 1 term loan and revolver capacity

* Liberty Media Corp - ‍intends to launch a process to syndicate an up to $200 million add-on to $3,102 million usd term loan​

* Liberty Media-intends to seek amendments to first lien facilities agreement to, among other things, increase revolving facility capacity to up to $500 million​

* Liberty Media Corp says term loan and revolving facility will remain non-recourse to liberty

* Liberty Media Corp - ‍intends to seek amendments to first lien facilities agreement to increase revolving facility capacity to up to $500 million​

* Liberty Media-intends to cause delta topco units to use proceeds of term loan add-on with cash on hand to repay balance of $300 million second lien facility​

* Liberty Media - to launch process to syndicate add-on to term loan under syndicated first lien facilities agreement executed by some delta topco ltd units Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below