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Vivid Seats to launch $525 million term loan B on Wednesday morning
By Sara Rosenberg
New York, June 9 – Vivid Seats LLC is scheduled to hold a bank meeting at 11 a.m. ET on Wednesday to launch a $525 million senior secured term loan B, according to a market source.
Barclays is the lead bank on the deal.
Proceeds will be used to help fund the buyout of the company by GTCR. Following the transaction, Vista Equity Partners will maintain an ownership stake in the company.
Closing is expected this quarter.
Vivid Seats is a Chicago-based secondary ticket marketplace for live sports, concerts and theater events.
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