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Moody's Maintains WME-IMG Debt Rating In Wake Of UFC Acquisition

Moody’s Investors Service maintained its debt rating of WME-IMG in the wake of its announcement it was buying UFC for a reported $4B. "While the terms, financing, and structure of the transaction have not been made public, the acquisition is in line with Moody’s expectations when we affirmed the ratings on June 6, 2016, following the launch of a $250 million add on term loan which was later upsized to $300 million," Moody’s wrote in a report out this afternoon. Moody’s rates WME-IMG debt B2, which means the debt rating agency considers the bonds speculative and a high credit risk.

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