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- Dec 31, 2014
Beyond the cost-cutting measures implemented since the start of the coronavirus pandemic, UFC parent company Endeavor has secured a $260 million loan to help sustain its faltering business.
According to reports from the Wall Street Journal, the term loan will supplement an existing $2.8 billion term loan and carry an interest rate of just under 11%.
Endeavor — a company that includes subsidiaries such talent agency WME IMG, On Location Experiences, Miss Universe Pageant, Professional Bull Riders, and the Ultimate Fighting Championship (UFC) — is saddled with a 4.6 billion debt burden owed to Silver Lake…
Endeavor secures $260 million loan amid COVID-19 crisis