Zuffa to launch $300 million credit facility Wednesday

By Sara Rosenberg

New York, May 17 - Zuffa LLC is scheduled to hold a bank meeting on Wednesday to launch its proposed $300 million credit facility, according to a market source.

Deutsche Bank is the lead bank on the deal.

The facility consists of a $25 million revolver and a $275 million term loan B, the source said.

Proceeds will be used for a dividend recapitalization.

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

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