FuboTV Discloses No Repurchases of Convertible Senior Notes Due 2029

MT Newswires Live01-08 06:12

FuboTV (FUBO) said late Wednesday that no holders of its convertible senior secured notes due 2029 tendered notes for repurchase.

The company said the close of its merger with Hulu + Live TV was a "fundamental change" under the indenture of the notes, which required FuboTV to offer to repurchase the securities.

The offer to repurchase the notes expired on Tuesday, the company said, adding the principal amount of 2029 notes outstanding is about $177.5 million, which will mature on Feb. 15, 2029.

FuboTV also said it has received the proceeds of a $145 million term loan by an affiliate of Walt Disney (DIS) under a commitment letter related to the merger.

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