Formula One Group has launched a process to extend its current financing facilities. This will involve raising $2.27 billion of new facilities with maturities in 2017/18, replacing the company's existing $2.92 billion 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.