LONDON (Reuters) - Shareholders in motor racing group Formula One (F1) are raising $1 billion (626 million pounds) from a loan refinancing which will be paid into a holding company for future dividend payments and acquisitions, a person familiar with the matter said on Tuesday.
The funds, which were on the company's balance sheet, will be paid into holding company Delta Topco and will be used by shareholders for a range of purposes, the person said.
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