Silver Lake-Backed UFC, WWE Owner Brings Nearly $1 Billion Loan

UFC and WWE operator TKO Group Holdings, Inc. launched a nearly $1 billion offering in the leveraged loan market, according to a person familiar with the transaction, after the company announced a dividend to equity holders on Wednesday.

The Goldman Sachs Group Inc.-led deal is for a $900 million fungible incremental add-on to the firm’s existing term loan, said the person, who is not authorized to speak publicly and asked not to be identified. Initial pricing discussions are at 200 basis points above the benchmark with a discount of between 99.50 and 99.75 cents on the dollar. The loan, which is for general corporate purposes, is set to mature in November 2031.