07/21/2025 | Press release | Distributed by Public on 07/21/2025 07:17
Item 2.02 Results of Operations and Financial Condition.
Dorna Sports, S.L., a private limited company incorporated in Spain ("Dorna") and a subsidiary of Liberty Media Corporation (the "Company"), is hosting a lender presentation on July 23, 2025 in connection with the refinancing of its term loan "A" facility, term loan "B" facility and revolving credit facility. In advance of the lender presentation, the Company is providing an update regarding its pro forma estimated cash and cash equivalents for Dorna as of June 30, 2025, which was approximately €284 million. The pro forma estimated cash and cash equivalents for Dorna as of June 30, 2025 reflect net cash proceeds of Dorna's incremental €150 million term loan "A" that closed on July 9, 2025 and a €186 million intercompany loan made by Dorna to a wholly owned subsidiary of the Company on July 10, 2025.