Formula 1 Launches $1.7 Billion Loan Repricing in Robust Market
- A lender call for the loan was set for 11 a.m. New York time
- Formula 1 holds rights to the Formula One World Championship
F1 Grand Prix of Mexico.
Photographer: Chris Graythen/Getty ImagesThis article is for subscribers only.
Goldman Sachs Group Inc. has kicked off the sale of a $1.7 billion leveraged loan Thursday to support Formula 1’s efforts to reprice an existing loan.
A lender call for the loan, which matures in seven years, is scheduled for 11 a.m. New York time, according to a person familiar with the matter. Commitments are due Sept. 27 at 10 a.m. New York time.