FuboTV Inc. 8-K

What Happened

• FuboTV Inc. announced it issued a promissory note to Disney Enterprises, Inc. on January 5, 2026, borrowing $145,000,000 under a previously disclosed commitment letter. The Note bears interest at 4.2% per annum, is unsecured, may be prepaid without penalty, and matures on January 5, 2031 (subject to certain springing maturity conditions and customary covenants and defaults). The commitment letter was originally dated January 6, 2025 and was described in prior Form 8‑K filings.
• The company also reported the expiration of a fundamental-change tender offer for its Convertible Senior Secured Notes due 2029 (the “2029 Notes”) on January 6, 2026; no 2029 Notes were surrendered. Holders of the 3.25% Convertible Senior Notes due 2026 (the “2026 Notes”) have a repurchase right that expires January 13, 2026. FuboTV expects to use proceeds from the Disney Note to repay the 2026 Notes at or prior to their February 15, 2026 maturity. A press release announcing the Note and tender-offer outcome was issued January 7, 2026.

Key Details

• $145,000,000 promissory note issued to Disney Enterprises, Inc.; interest rate 4.2% per year.
• Note maturity: January 5, 2031 (unsecured; prepayment allowed; springing maturity if certain earlier-dated unsecured debt is incurred).
• 2029 Notes outstanding after tender offer: approximately $177,500,000 (maturity Feb 15, 2029); no 2029 Notes were surrendered in the offer.
• 2026 Notes outstanding: $144,765,000 (maturity Feb 15, 2026); holders may exercise repurchase right until Jan 13, 2026; company intends to use Note proceeds to repay these.

Why It Matters

• Liquidity and near-term funding: the $145M from Disney provides FuboTV with committed financing and liquidity to address its immediate obligations—most notably the $144.8M of 2026 convertible notes coming due in February 2026.
• Capital structure and cost: the financing is a senior unsecured term facility at a fixed-rate of 4.2%, which extends the company’s debt maturity profile to 2031 but does not change the status of the 2029 convertible notes that remain outstanding.
• Risks to monitor: the Note is unsecured and contains customary covenants and default provisions; a “springing” maturity could accelerate repayment if FuboTV takes on earlier-dated unsecured debt. Investors should watch whether 2026 Note holders elect repurchase by Jan 13, 2026 and any future debt or covenant developments.