FuboTV offers fundamental change repurchase right on 2026, 2029 notes
Rhea-AI Filing Summary
FuboTV Inc. announced that holders of its Convertible Senior Secured Notes due 2029 and its 3.25% Convertible Senior Notes due 2026 have a contractual right to require the company to repurchase their notes following a fundamental change. Holders of the 2029 notes may surrender them from November 24, 2025 until 11:59 p.m. New York City time on January 6, 2026, for repurchase on January 7, 2026 at a price equal to 100% of the principal amount plus accrued and unpaid interest. Holders of the 2026 notes may surrender them from November 24, 2025 until 11:59 p.m. New York City time on January 13, 2026, for repurchase on January 14, 2026 on the same pricing basis. U.S. Bank Trust Company, National Association, will act as tender agent and pay the repurchase price through The Depository Trust Company.
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8-K Event Classification
FAQ
What did FuboTV (FUBO) announce regarding its convertible notes?
FuboTV announced that holders of its Convertible Senior Secured Notes due 2029 and its 3.25% Convertible Senior Notes due 2026 have a right to require the company to repurchase their notes at 100% of principal plus accrued and unpaid interest following a fundamental change.
When can FuboTVs 2029 convertible notes be surrendered for repurchase?
Holders of the 2029 notes may surrender them from November 24, 2025 until 11:59 p.m., New York City time, on January 6, 2026, with repurchase occurring on January 7, 2026.
When can FuboTVs 2026 convertible notes be surrendered for repurchase?
Holders of the 2026 notes may surrender them from November 24, 2025 until 11:59 p.m., New York City time, on January 13, 2026, with repurchase occurring on January 14, 2026.
At what price will FuboTV repurchase the 2026 and 2029 notes?
The company will repurchase any 2026 or 2029 notes that are validly surrendered and not withdrawn at a price equal to 100% of the principal amount of the notes being repurchased, plus accrued and unpaid interest to, but not including, the applicable repurchase date.
Who is handling the repurchase of FuboTVs convertible notes?
U.S. Bank Trust Company, National Association, will act as the tender agent and will pay the applicable repurchase price through the facilities of The Depository Trust Company on the respective repurchase dates.
What conditions apply to FuboTV noteholders fundamental change repurchase rights?
The repurchase rights for both the 2026 and 2029 notes are subject to the terms and conditions described in FuboTVs Fundamental Change Notice and Offer to Repurchase documents and the related Schedule TO-I for the 2029 notes.