Vivid Seats launches $275 million term loan at SOFR plus 325 bps

By Sara Rosenberg

New York, Jan. 20 – Vivid Seats LLC (Hoya Midco LLC) held a lender call at 3 p.m. ET on Thursday to launch a $275 million seven-year first-lien term loan (Ba3/B+) that is talked at SOFR plus 325 basis points with a 0.5% floor and an original issue discount of 99.5, according to a market source.

The term loan has 101 soft call protection for six months and no CSA, the source said.

Barclays, BofA Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and RBC Capital Markets are the joint bookrunners on the deal. Barclays is the administrative agent.

Commitments are due at noon ET on Jan. 27, the source added.

Proceeds will be used with cash on hand to refinance an existing $466 million first-lien term loan.

Vivid Seats is a Chicago-based ticketing market place and technology partner for live sports, concerts and theater events.

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