New York, January 14, 2026, 16:05 EST
- FuboTV bought back $140.2 million of its 3.25% convertible notes maturing in 2026, paying face value plus accrued interest
- The company tapped a $145 million term loan linked to its Hulu + Live TV agreement for the proceeds
- After the announcement, shares jumped roughly 4% in after-hours trading
FuboTV repurchased $140.2 million of its 3.25% Convertible Senior Notes due 2026, using cash to retire debt maturing next month.
This move is significant since the notes will mature on Feb. 15, 2026. Investors had pegged that date as a key near-term pressure point for a streaming business still struggling to achieve profitable growth.
Fubo said it funded the repurchase using proceeds from a $145 million term loan tied to its 2025 business combination with Hulu + Live TV. Convertible notes, which can be swapped for shares under specific terms, were paid off in cash—cutting down on possible shareholder dilution.
The company disclosed in a regulatory filing that the tender offer for note holders ended on Jan. 13 at 5:00 p.m. New York time, with $140.2 million of the outstanding notes turned in for repurchase. According to the filing, the remaining $4.5 million principal will be paid off at maturity on Feb. 15.
“Today’s repurchase … underscores Fubo’s continued proactive management of our capital structure,” co-founder and CEO David Gandler said, noting the company didn’t issue any shares as part of the transaction.
FuboTV’s stock climbed roughly 4.3% in after-hours trading, reaching $2.69, Benzinga reported.
The company is navigating “fundamental change” clauses in its convertible debt tied to the Hulu + Live TV deal — provisions that may force the issuer to repurchase notes following significant corporate events.
Fubo revealed earlier this month that none of the holders tendered its convertible senior secured notes due 2029 after the repurchase offer expired. The company plans to use the existing $145 million term loan to manage the upcoming 2026 maturity, aiming to conserve cash.
The live-TV streaming space is still packed. Alphabet’s YouTube TV, Dish’s Sling, and DirecTV’s streaming service are all competing fiercely for subscribers. Programming costs keep climbing, and churn rates refuse to ease up.
But the buyback is just the beginning of the challenge. Fubo is still integrating the Hulu + Live TV operations while shouldering the expenses for sports and entertainment rights. The new term loan boosts leverage, even though it defers the 2026 maturity risk.
