StubHub extends term loan maturities to 2033 and cuts borrowing costs
StubHub Holdings amended its credit agreement to push the maturity of its senior term loans to October 2033 and extend a portion of its revolving credit facility to October 2031. The USD Term Loan B was upsized to $975 million and the Euro Term Loan B reduced to €300 million, while the interest spread was lowered by 25 basis points. Moody’s upgraded the company’s corporate family rating to B2 from B3, and StubHub reported repaying $1.1 billion of debt over the prior twelve months.
Why it matters
The 25‑bp spread reduction lowers StubHub’s financing costs, improving cash‑flow flexibility. The Moody’s upgrade to B2 may make future borrowing cheaper and broaden the pool of potential lenders.
Key facts
- 1Maturity of the USD Term Loan B was extended to October 2033 and increased to $975 million. investing.com
- 2Maturity of the Euro Term Loan B was extended to October 2033 and set at €300 million. investing.com
- 3A portion of the revolving credit facility was extended to October 2031. investing.com
- 4Borrowing costs were reduced by 25 basis points; the USD loan now bears SOFR + 450 bps and the Euro loan EURIBOR + 475 bps. investing.com
- 5StubHub repaid $1.1 billion of debt in the prior twelve months. investing.com
- 6Moody’s upgraded StubHub’s corporate family rating to B2 from B3. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.