FuboTV Inc. announced that no holders of its Convertible Senior Secured Notes due 2029 tendered their notes for repurchase.
The closing of FuboTV's 2025 business combination with Hulu + Live TV triggered the offer to repurchase the 2029 Notes.
The company has received the proceeds of a $145 million term loan from an affiliate of The Walt Disney Company.
Note Repurchase
No holders of FuboTV's Convertible Senior Secured Notes due 2029 tendered their notes for repurchase.
Term Loan
Received $145 million term loan from The Walt Disney Company's affiliate to address near-term notes maturity.
Shareholder Confidence
Holders' decision not to repurchase or convert notes reflects confidence in FuboTV.
- The term loan provides financial flexibility and preserves cash for FuboTV.
- All outstanding 2029 Notes will mature on February 15, 2029, unless repurchased or converted.
- The company aims to build a consumer-first streaming company focused on scale, personalization, and profitability.
FuboTV's strategic moves with the term loan and note repurchase highlight investor confidence and financial stability. The company's focus on enhancing user experience and profitability positions it for future growth.