Endeavor plans $8.5 billion debt financing for buyout by Silver Lake

By Sara Rosenberg

New York, April 3 – Endeavor Group Holdings Inc. has received a commitment for $8.5 billion of debt financing help fund its acquisition by Silver Lake, according to a SC 13D/A filed late Tuesday with the Securities and Exchange Commission.

JPMorgan Chase Bank, Morgan Stanley Senior Funding Inc., BofA Securities, Goldman Sachs Bank USA, Barclays, Deutsche Bank Securities Inc. and RBC Capital provided the debt commitment and are the lead financing arrangers.

Other funds for the transaction will come from $6,376,940,000 of equity from Silver Lake Partners VI LP, Silver Lake Partners VII LP and SL SPV-4 LP, and $500 million of preferred equity from DFO Private Investments LP and Thirty Fifth Investment Co. LLC.

Under the agreement, Endeavor stockholders will receive $27.50 per share in cash. The transaction has an equity value of $13 billion.

Closing is expected by the end of the first quarter of 2025, subject to regulatory approvals and other customary conditions.

Endeavor is a Beverly Hills, Calif.-based sports and entertainment company.

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