Zuffa readies launch of $510 million credit facility for Thursday

By Sara Rosenberg

New York, Feb. 6 - Zuffa LLC is set to hold a bank meeting on Thursday to launch a $510 million credit facility, according to a market source.

Deutsche Bank Securities Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC and Bank of America Merrill Lynch are the lead banks on the deal.

The facility consists of a $60 million revolver and a $450 million term loan B, the source said.

Proceeds will be used to refinance existing debt.

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

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