debt
confidence high
sentiment positive
materiality 0.60
Vivid Seats reprices $393M term loans, reducing interest margin by 75 bps
Vivid Seats Inc.
- Amendment repriced all $393.0M of Term Loans; margin reduced from Adj Term SOFR + 3.00% to + 2.25%.
- Further reduction to 2.00% if credit rating reaches at least Ba3/BB- (stable or better).
- No material changes to other terms (maturity, prepayment, covenants, defaults).