Vivid Seats Inc. (SEAT): debt financing — 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).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Vivid Seats Inc. amended term loan of $393.0 million with Barclays Bank PLC, as administrative agent at Adjusted Term SOFR plus a margin of 2.25% (2.00% if the Rating Level is at least.

Instrument: term loan
Principal: $393.0 million
Counterparty: Barclays Bank PLC, as administrative agent
Rate: Adjusted Term SOFR plus a margin of 2.25% (2.00% if the Rating Level is at least
Event: amendment

Exact text from the filing

The Amendment repriced all $393.0 million of Term Loans outstanding immediately prior to the Closing Date, reducing the applicable interest on the Term Loans from (i) Adjusted Term SOFR plus a margin of 3.00% to (ii) Adjusted Term SOFR plus a margin of 2.25% (2.00% if the Rating Level is at least Ba3/BB- (in each case, stable or better)).

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Source: SEC EDGAR

accession 0001140361-25-003838

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