Fubo noteholders decline repurchase offer, company receives $145M loan

FuboTV Inc. (NYSE: FUBO) announced that no holders of its convertible senior secured notes due 2029 tendered their notes for repurchase following the company's business combination with Hulu + Live TV.

The repurchase offer expired on January 6, 2026, and was required under the indenture governing the notes after the business combination constituted a "fundamental change." The aggregate principal amount of 2029 notes outstanding is approximately $177.5 million, which will mature on February 15, 2029.

The company also received proceeds of $145 million from a term loan provided by an affiliate of The Walt Disney Company, pursuant to a previously announced commitment letter entered into in connection with the business combination.

"We are pleased to receive the term loan, which allows us to address our near-term 2026 notes maturity while preserving cash on our balance sheet and enhancing our financial flexibility going forward," said David Gandler, co-founder and CEO of Fubo.

Gandler noted that the decision by noteholders not to tender represents continued confidence in the company. He stated that because all 2029 notes remain outstanding and the company will repay the 2026 notes in cash using term loan proceeds, there was no shareholder dilution.

The information is based on a company press release statement.

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