Zuffa launches $450 million term loan B at Libor plus 300 bps

By Sara Rosenberg

New York, Feb. 7 - Zuffa LLC launched with a bank meeting on Thursday its $450 million term loan B with price talk in the Libor plus 300 basis points area with a 1% Libor floor and an offer price of 99½ to par, according to a market source.

The term loan has 101 soft call protection for one year, the source said.

The company's $510 million credit facility also includes a $60 million revolver.

Commitments are due on Feb. 14.

Deutsche Bank Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC and BofA Merrill Lynch are the lead banks on the deal.

Proceeds will be used to refinance existing debt.

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

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