FuboTV Files for 947.91M Class A Shares Resale and Buys Back $140.2M Notes
On January 23, FuboTV filed prospectus supplements for Hulu LLC to potentially resell 947.91 million Class A shares and 29.27 million shares upon note conversion. It repurchased $140.2 million of 3.25% convertible notes due 2027 using a $145 million term loan and holds a Moderate Buy consensus and $4.63 target.
1. Share Resale Filings
On January 23, FuboTV filed prospectus supplements enabling Hulu LLC to potentially resell up to 947.91 million Class A common shares. The filing also covers 29.27 million shares to be resold by a stockholder following conversion of the company’s 2029 Notes.
2. Convertible Note Repurchase
FuboTV repurchased $140.2 million of its outstanding 3.25% Convertible Senior Notes due 2027 at 100% of principal plus accrued interest on the note due February 2026. The transaction was funded with proceeds from a $145 million term loan secured after combining operations with Hulu + Live TV.
3. Analyst Outlook
After the filings and repurchase, Needham reaffirmed a Buy rating with a $4.25 price target. The stock maintains a Moderate Buy consensus across analysts with an average target of $4.63 despite sector volatility.