FuboTV (NYSE: FUBO) adds $145M Disney debt to address 2026 converts

Rhea-AI Filing Summary

FuboTV Inc. entered into a new financing arrangement with an affiliate of The Walt Disney Company, borrowing an aggregate principal amount of $145,000,000 through an unsecured promissory note. The note carries a fixed interest rate of 4.2% per year and is scheduled to mature on January 5, 2031, with the company allowed to repay early at any time without penalty.

The company states that it currently expects to use proceeds from this borrowing to repay its 3.25% Convertible Senior Notes due 2026, which have $144,765,000 in principal outstanding and mature on February 15, 2026 unless converted or repurchased. Separately, holders of the company’s Convertible Senior Secured Notes due 2029, with about $177,500,000 in principal outstanding, did not tender any notes into a fundamental change repurchase offer and these notes remain outstanding to their 2029 maturity unless repurchased or converted.

Insights

Corporate credit analyst

FuboTV refinances 2026 debt with a $145M Disney unsecured term loan.

FuboTV has borrowed $145,000,000 from a Disney affiliate via an unsecured promissory note bearing 4.2% annual interest and maturing on January 5, 2031. This extends the company’s debt maturity profile compared with its 3.25% Convertible Senior Notes due 2026, which have $144,765,000 outstanding.

The company currently expects to use proceeds from the new note to repay the 2026 convertible notes at or before their February 15, 2026 maturity, shifting that obligation into a longer-dated, non-convertible term loan structure. The note includes customary covenants and default events, and can be prepaid without penalty, giving some flexibility if conditions change.

Separately, about $177,500,000 principal of Convertible Senior Secured Notes due 2029 remain outstanding after no holders elected the fundamental change repurchase offer. Future leverage and interest burden will depend on how quickly the company repays the new note and whether any of the 2026 or 2029 notes are converted or otherwise retired ahead of schedule.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 5, 2026

FUBOTV INC.

(Exact name of registrant as specified in its charter)

Delaware		001-39590		26-4330545
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification Number)

1290 Avenue of the Americas

New York, NY 10104

(Address of principal executive offices) (Zip Code)

(212) 672-0055

(Registrant’s telephone number, including area code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, par value $0.0001 per share		FUBO		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Explanatory Note

On October 29, 2025, FuboTV Inc. (the “Company” or “Fubo”), The Walt Disney Company (“Disney”) and Hulu, LLC (“Hulu”) consummated the transactions contemplated by the Business Combination Agreement, dated as of January 6, 2025 (the “Business Combination Agreement”), by and among Fubo, Disney and Hulu, pursuant to which the parties combined Fubo’s business with Disney’s Hulu + Live TV business (such transactions, collectively, the “Business Combination”).

Item 1.01. Entry Into or Amendment of a Material Definitive Agreement.

The disclosure set forth in Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01.

Item 2.03. Creation of a Direct Financial Obligation or an Off-Balance Sheet Arrangement.

On January 5, 2026, FuboTV Inc. (the “Company”) issued a promissory note (the “Note”) to Disney Enterprises, Inc. (the “Lender”), an affiliate of The Walt Disney Company, pursuant to which the Company borrowed an aggregate principal amount of $145,000,000. The Note was issued pursuant to a commitment letter (the “Commitment Letter”), dated January 6, 2025, executed concurrently with the Business Combination Agreement, pursuant to which the Lender committed to provide the Company, on January 5, 2026 and on the terms and subject to the conditions set forth therein, up to $145.0 million of indebtedness in the form of a senior unsecured term facility. The Commitment Letter and the related financing arrangement were previously described in a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (“SEC”) on January 6, 2025, as amended by Amendment No. 1 on Form 8-K/A filed with the SEC on January 10, 2025.

The Note bears interest at a rate equal to 4.2% per annum. The Note is unsecured and matures on January 5, 2031 unless earlier repaid, subject to springing maturity in the event the Company incurs certain unsecured indebtedness with a scheduled maturity prior to January 5, 2031. The Company may prepay any portion of the outstanding principal at any time without penalty.

The Note includes customary covenants and sets forth certain events of default after which the outstanding principal may be declared immediately due and payable, including certain types of bankruptcy or insolvency events of default involving the Company and certain of its subsidiaries.

The foregoing description of the Note is not complete and is qualified in its entirety by reference to the full text of the Note, a copy of the form of which is filed as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure.

As previously disclosed, the closing of the Business Combination constituted a fundamental change under the indenture governing the Company’s Convertible Senior Secured Notes due 2029 (CUSIP No. 35953D AC8) (the “2029 Notes”), triggering the Company’s delivery of a notice to holders of 2029 Notes regarding their fundamental change repurchase right (the “Tender Offer”). The Tender Offer expired on January 6, 2026 at 5:00 p.m. New York City time (the “Expiration Time”). As of the Expiration Time, none of the outstanding 2029 Notes were surrendered for repurchase pursuant to the Tender Offer. As of the date of this Current Report on Form 8-K, the aggregate principal amount of 2029 Notes outstanding is approximately $177,500,000, which will mature on February 15, 2029, unless earlier repurchased or converted.

Holders of the Company’s 3.25% Convertible Senior Notes due 2026 (CUSIP No. 35953D AB0) (the “2026 Notes”) may exercise their fundamental change repurchase right until 5:00 p.m., New York City time, on January 13, 2026. Any 2026 Notes not validly surrendered prior to such time will remain outstanding and mature on February 15, 2026, unless earlier repurchased or converted. As of the date of this Current Report on Form 8-K, the aggregate principal amount of 2026 Notes outstanding is $144,765,000, and the Company currently expects to use proceeds from the Note to repay the 2026 Notes at or prior to maturity.

On January 7, 2026, the Company issued a press release announcing the issuance of the Note and the expiration of the Tender Offer. A copy of the press release is attached hereto as Exhibit 99.1.

The information in Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly provided by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
4.1		Form of Promissory Note
99.1		Press Release, dated as of January 7, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FUBOTV INC.
Date: January 7, 2026	By:	/s/ David Gandler
		David Gandler
		Chief Executive Officer

FAQ

What new financing did FuboTV Inc. (FUBO) obtain from Disney?

FuboTV borrowed an aggregate principal amount of $145,000,000 from Disney Enterprises, Inc. under an unsecured promissory note. The note bears interest at 4.2% per annum and matures on January 5, 2031, with the company allowed to prepay any portion without penalty.

How does FuboTV plan to use the $145 million note proceeds?

FuboTV currently expects to use proceeds from the $145,000,000 note to repay its 3.25% Convertible Senior Notes due 2026. Those 2026 notes have $144,765,000 in aggregate principal outstanding and will otherwise mature on February 15, 2026 unless earlier repurchased or converted.

What are the key terms of FuboTV’s new promissory note with Disney?

The note is a senior unsecured term facility with principal of $145,000,000, interest at 4.2% per year, and a scheduled maturity on January 5, 2031, subject to a springing earlier maturity if certain other unsecured debt is incurred. It includes customary covenants and events of default and permits prepayment at any time without penalty.

What happened with FuboTV’s Convertible Senior Secured Notes due 2029?

The closing of the business combination with Disney’s Hulu + Live TV business triggered a fundamental change repurchase right for holders of the Convertible Senior Secured Notes due 2029. The related tender offer expired on January 6, 2026, and no outstanding 2029 notes were surrendered. About $177,500,000 principal of these notes remains outstanding, maturing on February 15, 2029 unless earlier repurchased or converted.

What is the status of FuboTV’s Convertible Senior Notes due 2026?

Holders of the 3.25% Convertible Senior Notes due 2026 may exercise their fundamental change repurchase right until 5:00 p.m. New York City time on January 13, 2026. Any notes not validly surrendered will remain outstanding and mature on February 15, 2026, unless repurchased or converted, and the company currently expects to repay them using proceeds from the Disney note.

How is the Disney financing related to FuboTV’s business combination with Hulu + Live TV?

The promissory note was issued under a commitment letter dated January 6, 2025, executed concurrently with the business combination agreement that combined FuboTV’s business with Disney’s Hulu + Live TV business. Under that letter, the Disney affiliate committed to provide up to $145.0 million of senior unsecured term financing on January 5, 2026, subject to specified terms and conditions.