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Formula 1 to launch first-lien term loan refinancing on Tuesday
By Sara Rosenberg
New York, Feb. 13 – Formula 1 (Delta Topco Ltd.) will hold a lender call at 10 a.m. ET on Tuesday to launch a refinancing of its $3,145,000,000 first-lien term loan, according to sources.
Concurrent with the financing, the company plans to repay up to $300 million of the first-lien term loan using excess cash on the balance sheet.
KKR Capital Markets is the lead on the deal.
Formula 1 is a motorsports business.
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