Daily News: March 12, 2018

JPMorgan Arranges $3.3B Formula One Refi


Formula One Group refinanced its $3.3 billion term loan under its senior secured credit facilities. JPMorgan Chase Bank acted as lead arranger on the transaction, while JPMorgan Europe served as facility agent.

Simpson Thacher represented JPMorgan during the refinancing.

Formula One Group is a group of companies responsible for the promotion of the Formula One World Championship, the highest class of single-seat auto racing that is sanctioned by the Fédération Internationale de l’Automobile.