Endeavor Group Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
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| Item 1.01 | Entry into a Material Definitive Agreement. |
As previously disclosed by Endeavor Group Holdings, Inc. (the “Company” or “Endeavor”), January Capital Holdco, LLC (the “Borrower”), a controlled subsidiary of the Company, is party to a Margin Loan Agreement dated as of September 13, 2024, by and between the Borrower, the lenders party thereto and the Administrative Agent and Calculation Agent named therein (as previously amended, the “Margin Loan Agreement”).
On March 12, 2025 (the “Closing Date”), the Borrower entered into a second amendment to the Margin Loan Agreement (the “Second Amendment”), increasing the facility size thereunder to $3.0 billion. The remaining $1.925 billion available under the Margin Loan Agreement, after giving effect to the Second Amendment, was drawn on the Closing Date. No additional securities were pledged as collateral under the Second Amendment. All other material terms of the Margin Loan Agreement as previously reported by the Company remain unchanged.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth under Item 1.01 above is incorporated into this Item 2.03 by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ENDEAVOR GROUP HOLDINGS, INC. | ||
| By: | /s/ Jason Lublin | |
| Name: | Jason Lublin | |
| Title: | Chief Financial Officer | |
Date: March 12, 2025