FuboTV Inc (NYSE:FUBO) shares are rising in extended trading on Wednesday after the company announced the repurchase of $140 million worth of convertible senior notes.
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FUBO Buys Back Millions In Convertible Notes
After the market close on Wednesday, Fubo announced that it repurchased $140.2 million of its outstanding 3.25% Convertible Senior Notes due 2026.
The company said it repurchased the outstanding notes due Feb. 15, 2026, at a repurchase price of 100% of their principal amount, plus accrued and unpaid interest.
The financing move comes after the company received proceeds from a $145 million term loan provided pursuant to a commitment letter in connection with Fubo’s 2025 business combination with Hulu + Live TV last week.
“Today’s repurchase, funded with the proceeds from our recent term loan, underscores Fubo’s continued proactive management of our capital structure,” said David Gandler, co-founder and CEO, Fubo.
“We are also pleased to report that no shareholders were diluted as a result of this repurchase, as we have repaid the 2026 notes in cash using proceeds from the recent term loan.”
Fubo had $280.3 million in cash, cash equivalents and restricted cash on hand as of Sept. 30, 2025. The company is due to report financial results for the fourth quarter in February.
FUBO Shares Rise After Hours
FUBO Price Action: FuboTV shares were up 4.26% in after-hours Wednesday, trading at $2.69 at the time of publication, per Benzinga Pro.
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