Silver Lake Management has provided up to $8.5 billion in debt financing for its company Buyout from Investments of the Endeavor Group Inc., the talent agency and majority investor in WWE and the Ultimate Fighting Championship.
JPMorgan Chase & Co. is, according to experts, the leading underwriter for part of the financing structured as a leveraged loan. The composition and amount of the debt could still change, said the people, who asked not to be named because they were not authorized to speak publicly.
amid a dearth of leveraged buyouts and acquisitions. Investor demand for new securities is high as the credit market tightens to levels not seen since 2022.
Silver Lake and JPMorgan declined to comment, while Endeavor did not respond to a request for comment.
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 arranger and senior financial advisor to Silver Lake, according to a Press release. LevFin Insights previously reported some details of the financing.
The largest acquisition deal in the leveraged loan market this year involved about $5 billion in loans in February KKR & Co. acquired a stake in Cotiviti Inc. This deal marked a decisive victory for Wall Street banks over private lenders.
Banks and direct lenders face each other Finance Deals like the acquisition of Sanofi’s consumer healthcare division and the potential Buyout the Apleona Group GmbH. Direct lending company led by Ares Management Corp. and Blue Owl Capital Inc. are there offer around 4.8 billion US dollars in debt financing for the takeover of the pharmaceutical manufacturer Catalent Inc.
Endeavor Group agreed is set to be acquired by Silver Lake in a $13 billion acquisition earlier this month. The transaction is expected to close at the end of the first quarter of 2025.