Zuffa increases size of incremental term loan to $60 million

By Sara Rosenberg

New York, June 7 - Zuffa LLC upsized its add-on term loan to $60 million from $50 million due to strong demand, according to a market source.

Pricing is Libor plus 550 basis points with a 2% Libor floor, in line with pricing on the company's existing loan that was done in 2009.

The add-on was sold at par.

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

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.