FuboTV Inc (NYSE: FUBO) has taken significant steps toward restructuring its debt profile by repurchasing a substantial portion of its convertible senior notes. On Wednesday after the market closed, the company revealed that it had bought back $140.2 million of its 3.25% Convertible Senior Notes scheduled to mature in 2026.
The repurchase involved outstanding notes with a maturity date of February 15, 2026. FuboTV acquired these notes at a price equal to 100% of their principal value, plus any accrued and unpaid interest. This full principal repayment reflects the company’s intent to reduce debt obligations tied to convertible securities.
Funding for this buyback came from a recently arranged $145 million term loan, which FuboTV secured as part of its 2025 business combination with Hulu + Live TV. This suggests a strategic allocation of capital from increased financing to reduce potentially dilutive convertible debt.
David Gandler, co-founder and CEO of FuboTV, emphasized the strategic importance of this transaction. He stated that the repurchase, enabled by proceeds from the term loan, highlights the company’s ongoing efforts to proactively manage its capital structure. Importantly, Gandler noted that no shareholder dilution occurred as a result of the repurchase since the outstanding notes were repaid in cash funded entirely through the new borrowing.
As per the company’s last financial reporting, FuboTV held $280.3 million in cash, cash equivalents, and restricted cash as of September 30, 2025. This healthy liquidity position supports the company’s operational needs and pending strategic initiatives.
Market response to the repurchase announcement was positive, with FuboTV’s stock price appreciating in after-hours trading on Wednesday. Shares rose 4.26%, reaching $2.69, indicating investor approval of the debt reduction strategy.
Looking ahead, FuboTV is expected to report its fourth-quarter financial results in February, which will provide additional insights into its financial health and the impact of its recent financing activities.