StubHub extends term loan maturities to October 2033
STUB•StubHub extended its USD and Euro Term Loan B maturities from March 2030 to October 2033, with balances of $975 million and €300 million. Borrowing costs fell 25 basis points, and a portion of its revolving credit facility was extended to October 2031.
1. Loan terms extended
StubHub extended the maturities of its USD and Euro Term Loan B facilities from March 2030 to October 2033. The amended balances are $975 million for the USD loan and €300 million for the Euro loan, leaving aggregate borrowing unchanged.
2. Lower borrowing costs
Borrowing costs fell 25 basis points, with USD pricing at SOFR plus 4.5% and Euro pricing at EURIBOR plus 4.75%. A portion of the revolving credit facility was extended from September 2030 to October 2031, subject to amendment terms. JPMorgan Chase Bank served as lead left arranger and administrative agent.
