Vivid Seats to launch $585 million credit facility on Wednesday

By Sara Rosenberg

New York, Sept. 19 – Vivid Seats LLC will hold a lenders’ presentation at 1:30 p.m. ET on Wednesday to launch a $585 million senior secured credit facility, according to a market source.

Morgan Stanley Senior Funding Inc., J.P. Morgan Securities LLC and RBC Capital Markets LLC are the lead banks on the deal.

The facility consists of a $30 million revolver, a $400 million first-lien term loan and a $155 million second-lien term loan, the source said.

Vivid Seats is a Chicago-based secondary ticket marketplace for live sports, concerts and theater events.

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