debt
confidence high
sentiment positive
materiality 0.55
Vivid Seats refinances term loans, adds $125.5M at lower interest rate
Vivid Seats Inc.
- Refinanced all existing Term Loans and incurred $125.5M of new Term Loans; aggregate $395M.
- Interest margin reduced from 3.25% to 3.00% initially, then 2.75% if Ba3/BB- stable or better.
- Proceeds used to refinance existing loans and for general corporate purposes.
- Amendment dated June 14, 2024; Barclays Bank PLC as administrative agent.