TKO Announces Pricing For Senior Secured Notes Offering

TKO has announced the pricing of their previously-announced Senior Secured Notes offering on Monday afternoon. The parent company of WWE and the UFC announecd the pricing for the $1.0 billion in Senior Secured Notes in a press release, which stated as follows:

TKO Group Holdings, Inc. (NYSE: TKO) (“TKO” or the “Company”), a premium sports and entertainment company, today announced the pricing of the previously announced offering (the “Offering”) of $1.0 billion in aggregate principal amount of 6.500% Senior Secured Notes due 2031 (the “notes”) by its indirect subsidiary, TKO Worldwide Holdings, LLC (“TKO Worldwide”). The closing of the Offering is expected to occur on or about November 13, 2026, subject to customary closing conditions.

TKO Worldwide expects to use the net proceeds from the Offering for general corporate purposes, which may include making distributions to its parent entities to fund share repurchases under TKO’s previously announced share repurchase program, and to pay related fees and expenses.”

Senior Secured Notes are a class of corporate debt that have the highest-ranking repayment status in the event of bankruptcy or liquidation, as well as collateral backing. The notes sit at the top of a company’s capital structure and thus are paid back first before unsecured creditors, common shareholders, and the like.

The announcement states that the notes:

“will be guaranteed by TKO Guarantor, LLC, and by TKO Worldwide’s existing and future direct or indirect wholly-owned domestic restricted subsidiaries that guarantee obligations under TKO Worldwide’s existing senior secured credit facilities and will be secured by a first priority lien on the collateral securing the existing senior secured credit facilities. The notes and the related note guarantees will rank equal in right of payment with all of TKO Worldwide’s and the guarantors’ existing and future senior indebtedness and will rank senior to all of TKO Worldwide’s and the guarantors’ existing and future unsecured indebtedness or indebtedness secured by junior priority liens, in each case to the extent of the value of the collateral.

“The notes were offered (i) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and (ii) outside the United States pursuant to Regulation S under the Securities Act. The notes and the related guarantees have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and applicable state securities laws.”

The announcement comes after the company announced their Q3 earnings results last week.