UFC Holdings LLC Proposed $2.75 Billion First-Lien Term Loan B And $205 Million Revolver 'BB+' (Recovery Rating: '1') - S&P Global Ratings’ Credit Research

UFC Holdings LLC Proposed $2.75 Billion First-Lien Term Loan B And $205 Million Revolver 'BB+' (Recovery Rating: '1')

UFC Holdings LLC Proposed $2.75 Billion First-Lien Term Loan B And $205 Million Revolver 'BB+' (Recovery Rating: '1') - S&P Global Ratings’ Credit Research
UFC Holdings LLC Proposed $2.75 Billion First-Lien Term Loan B And $205 Million Revolver 'BB+' (Recovery Rating: '1')
Published Nov 07, 2024
4 pages (1763 words) — Published Nov 07, 2024
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Abstract:

NEW YORK (S&P Global Ratings) Nov. 7, 2024--S&P Global Ratings today assigned its 'BB+' issue-level rating and '1' recovery rating to the proposed $2.75 billion first-lien term loan B due 2031 and $205 million revolving credit facility due 2030, both issued by UFC Holdings LLC (BB-/CreditWatch Neg/--), a subsidiary of TKO Group Holdings Inc. Endeavor Group Holdings Inc. (BB-/CreditWatch Neg/--) currently owns 53.4% of TKO Group, and we consider TKO Group (and UFC Holdings LLC) to be core to Endeavor under our group ratings methodology criteria. As a result, our issuer credit rating at UFC Holdings LLC is linked to the issuer credit ratings at Endeavor. The company intends to use the proceeds from this term loan to refinance its

  
Brief Excerpt:

...November 7, 2024 NEW YORK (S&P Global Ratings) Nov. 7, 2024--S&P Global Ratings today assigned its '##+' issue-level rating and '1' recovery rating to the proposed $2.75 billion first-lien term loan B due 2031 and $205 million revolving credit facility due 2030, both issued by UFC Holdings LLC (##-/CreditWatch Neg/--), a subsidiary of TKO Group Holdings Inc. Endeavor Group Holdings Inc. (##-/CreditWatch Neg/--) currently owns 53.4% of TKO Group, and we consider TKO Group (and UFC Holdings LLC) to be core to Endeavor under our group ratings methodology criteria. As a result, our issuer credit rating at UFC Holdings LLC is linked to the issuer credit ratings at Endeavor. The company intends to use the proceeds from this term loan to refinance its existing $2.7 billion term loan due 2026, fund general corporate expenses, and add cash to its balance sheet. In October 2024, TKO Group announced it will acquire Professional Bull Riders, On Location, and IMG businesses from Endeavor for an aggregate...

  
Report Type:

Ratings Action

Issuer
UFC Holdings LLC
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "UFC Holdings LLC Proposed $2.75 Billion First-Lien Term Loan B And $205 Million Revolver 'BB+' (Recovery Rating: '1')" Nov 07, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/UFC-Holdings-LLC-Proposed-2-75-Billion-First-Lien-Term-Loan-B-And-205-Million-Revolver-BB-Recovery-Rating-1-3280627>
  
APA:
S&P Global Ratings’ Credit Research. (). UFC Holdings LLC Proposed $2.75 Billion First-Lien Term Loan B And $205 Million Revolver 'BB+' (Recovery Rating: '1') Nov 07, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/UFC-Holdings-LLC-Proposed-2-75-Billion-First-Lien-Term-Loan-B-And-205-Million-Revolver-BB-Recovery-Rating-1-3280627>
  
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