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Statement regarding Formula One finances 27 Mar 2012

F1 flag.
Formula One World Championship, Rd 10, British Grand Prix, Preparations, Silverstone, England, Thursday, 8 July 2010

Formula One Group has launched a process to extend its current financing facilities. This will involve raising $2.27bn of new facilities with maturities in 2017/18, replacing the company’s existing $2.92bn facilities which are due to mature in 2013/14. The new facilities will provide the business with a secure, long term capital structure.

Proceeds raised will be kept within the Group for general corporate purposes and the company has no current plans to pay a dividend.