UFC tightens issue price on $465 million add-on term loan B to par

By Sara Rosenberg

New York, Sept. 12 – UFC revised the issue price on its fungible $465 million add-on first-lien term loan B (B2/B) due April 2026 to par from talk in the range of 99.5 to 99.75, according to a market source.

Pricing on the add-on term loan is Libor plus 325 basis points with a 1% Libor floor, in line with pricing on the existing $1.869 billion first-lien term loan B.

The add-on loan and the existing term loan B are getting 101 soft call protection for six months.

Goldman Sachs Bank USA and KKR Capital Markets are the leads on the deal.

Recommitments were scheduled to be due by the close of business on Thursday, the source added.

Proceeds from the add-on loan will be used to redeem outstanding preferred equity.

UFC is a Las Vegas-based mixed martial arts organization and pay-per-view event provider.

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