MotoGP Secures €1.1 Billion Refinancing with Paul Hastings' Aid
Deal News | Aug 21, 2025 | Paul Hasting
In a significant financial move, Paul Hastings has advised BNP Paribas and Goldman Sachs in the €1.1 billion refinancing of Dorna Sports S.L.'s debt facilities. Dorna, the exclusive commercial rights holder for several motor racing championships under MotoGP, including Moto2, Moto3, and MotoE, restructured its first lien Term Loan B, Term Loan A, and a multicurrency revolving credit facility. The refinancing deal, which fortifies MotoGP's financial standing, was led by Paul Hastings' Global Finance partners Ismael Duran and William Lam, with a team comprising several other legal experts. MotoGP operates under Liberty Media Corporation, and this refinancing further strengthens its financial flexibility to manage and expand its global motor racing events. Paul Hastings, a leading law firm known for its top-tier legal services, played a pivotal role in arranging and executing this sizeable transaction.
Sectors
- Sports and Entertainment
- Financial Services
- Legal Services
Geography
- Spain – Dorna Sports, S.L. is based in Spain, making it relevant to the geographical setting of the article.
- United States – Liberty Media Corporation, a U.S.-based company, owns MotoGP, linking the narrative to the geographical context of the USA.
Industry
- Sports and Entertainment – The article discusses Dorna Sports, a company holding exclusive commercial rights to MotoGP and other racing events, highlighting its importance in sports entertainment.
- Financial Services – BNP Paribas and Goldman Sachs, important financial institutions, were involved in the refinancing transaction, marking the relevance of this industry.
- Legal Services – Paul Hastings, a prominent law firm, provided legal advisory services for the refinancing deal, indicating the article's connection to the legal industry.
Financials
- €1.1 billion – The total refinancing amount for Dorna Sports' debt facilities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dorna Sports, S.L. | Target Company | Company | Dorna Sports is the organizer and commercial rights holder of MotoGP and other associated championships. |
| BNP Paribas | Lender/Financing Source | Company | BNP Paribas acted as one of the global coordinators and arrangers in the refinancing deal. |
| Goldman Sachs | Lender/Financing Source | Company | Goldman Sachs served as a global coordinator and arranger alongside BNP Paribas in the refinancing transaction. |
| Paul Hastings LLP | Legal Advisor | Company | A premier global law firm advising on the refinancing transaction, demonstrating their expertise in complex financial deals. |
| Liberty Media Corporation | Parent Company | Company | The parent company of Dorna Sports, owning the MotoGP commercial rights. |