In a strategic financial maneuver, MotoGP Sports Entertainment Group, S.L.a subsidiary of Liberty Media Corporationhas successfully repriced its debt facilities. This move, finalized on June 17, 2026includes adjustments to the Term Loan BTerm Loan Aand revolving credit facilityreflecting a proactive approach to financial management.
The repricing comes at a crucial time for MotoGP, which holds the exclusive commercial rights to the FIM MotoGP™ World Championship and other prestigious motorcycle racing series. This financial restructuring is poised to enhance the company’s financial flexibility and support its ongoing operations and growth initiatives.
Key Adjustments to Debt Facilities
The repricing involved several significant changes. The Term Loan Bpreviously €800 million with a maturity date of August 18, 2032has been reduced to €720 million with the same maturity date. Similarly, the Term Loan Aoriginally $231 million maturing on August 18, 2030has been adjusted to $209 million with the same maturity date. The revolving credit facility remains at €100 million, also maturing on August 18, 2030.
These adjustments resulted in a net reduction of approximately $114 million in debt, funded by cash from MotoGP’s balance sheet. As of March 31, 2026MotoGP’s balance sheet shows approximately $72 million in cash and liquid investments, with a total debt principal of $1,037 million. The company’s net senior secured leverage ratio stands at 4.6xproviding a clear picture of its financial health.
Interest Margins and Reference Rates
The repricing also involved changes to the interest margins and reference rates for the debt facilities. The margin for the Term Loan B has been reduced from 2.50% to 2.25%with a new range of 2.00% to 2.25% based on MotoGP’s consolidated net senior secured leverage ratio. The reference rate for this loan is EURIBOR.
The margin for the Term Loan A remains unchanged at 1.50%with a new range of 1.25% to 1.50% based on the same leverage ratio. The reference rate for this loan is Term SOFR. The margin for the revolving credit facility is also unchanged at 2.00%with a new range of 1.50% to 2.00%. The reference rate for this facility can be one of Term SOFRSONIAor EURIBORdepending on the currency of the applicable borrowing.
Implications for MotoGP and Liberty Media
These financial adjustments are expected to have a positive impact on MotoGP’s operations and strategic initiatives. By reducing debt and adjusting interest margins, the company can better manage its cash flow and invest in its various racing series, including Moto2™Moto3™MotoE™the FIM Superbike World Championshipand the FIM Women’s Circuit Racing World Championship.
For Liberty Media Corporationthis move reinforces its commitment to supporting its subsidiaries and ensuring their financial stability. Liberty Media’s portfolio includes other notable assets such as Formula 1demonstrating its strong presence in the sports and entertainment sectors.
As MotoGP continues to navigate the dynamic landscape of motorcycle racing, these financial adjustments provide a solid foundation for future growth and success. The company’s strategic financial management is a testament to its dedication to maintaining the highest standards in the world of motorsports.
