World Triathlon firms $30 million term loan at Libor plus 425 bps

By Sara Rosenberg

New York, June 2 – World Triathlon Corp. finalized a $30 million incremental first-lien term loan due June 2021 at pricing of Libor plus 425 basis points with a 1% Libor floor and a par issue price, according to a market source.

UBS Investment Bank is the bookrunner on the deal.

Proceeds will be used to repay revolver borrowings and for general corporate purposes.

World Triathlon is an owner and operator of Ironman triathlon events.

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