S&P: No change to Zuffa

Standard & Poor's said its ratings on Zuffa LLC's senior secured term loan remain unchanged following a $50 million add-on proposed to its senior secured term loan.

The issue-level rating on the term loan is BB with a 4 recovery rating. The add-on would bring the total size of the senior secured credit facility, which also includes a $50 million revolving credit facility, to $525 million.

The agency said the BB corporate credit rating on Zuffa remains unchanged and reflects an assessment of the company's business risk profile as fair and of its financial risk profile as aggressive.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.