Silver Lake Management has provided as much as $8.5 billion in debt financing for its company Buyout from Endeavor Group Holdings Inc., the talent agency and majority investor in WWE and the Ultimate Fighting Championship.
JPMorgan Chase & Co. is the lead underwriter for a portion of the financing, which is structured as a leveraged loan, in keeping with people acquainted with the matter. The composition and amount of the debt could still change, said the people, who asked to not be named because they weren’t authorized to talk publicly.
amid a dearth of leveraged buyouts and acquisitions. Investor demand for brand spanking new securities is high because the credit market tightens to levels not seen since 2022.
Silver Lake and JPMorgan declined to comment, while Endeavor didn’t reply to a request for comment.
According to a, Goldman Sachs Group Inc., JPMorgan, Morgan Stanley, Bank of America Corp., Barclays Plc, Deutsche Bank AG and Royal Bank of Canada acted as lead financing organizers and lead financial advisors for Silver Lake Press release. LevFin Insights previously reported some details of the financing.
The largest takeover deal within the leveraged loan market this yr included about $5 billion in loans for KKR & Co.’s acquisition of a stake in Cotiviti Inc. in February. The deal marked a decisive victory for Wall Street -Banks through private lenders.
Banks and direct lenders face one another Finance Deals just like the acquisition of Sanofi’s consumer healthcare division and the potential Buyout the Apleona Group GmbH. Direct lending firms led by Ares Management Corp. and Blue Owl Capital Inc. are poised to accomplish that offer around 4.8 billion US dollars in debt financing for the acquisition of the pharmaceutical manufacturer Catalent Inc.
Endeavor Group agreed is ready to be acquired by Silver Lake in a $13 billion acquisition earlier this month. The transaction is predicted to shut at the top of the primary quarter of 2025.
