Zuffa talks $50 million add-on loan at Libor plus 550 bps, par price

By Sara Rosenberg

New York, June 4 - Zuffa LLC launched via Intralinks on Monday a $50 million add-on term loan that is talked at Libor plus 550 basis points with a 2% Libor floor and a par offer price, according to a market source.

The spread and floor match that of the existing term loan that was done in 2009.

Goldman Sachs & Co. and Deutsche Bank Securities Inc. are the lead banks on the deal.

It is expected that the loan will be circled by existing lenders, and interested parties will likely get their orders in by Tuesday, the source added.

Proceeds will be used to repay revolving credit facility borrowings.

Zuffa is the Las Vegas-based company that owns the Ultimate Fighting Championship brand.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.