“Moody’s says WME IMG, LLC’s (WME IMG) B2 corporate family rating is unchanged following the proposed $100 million add on term loan. Both the B1 rating on the first lien credit facility and Caa1 rating on the second lien term loan are also unchanged. The outlook remains stable. The add on term loan is expected to be fungible with the existing 1st lien term loan, with the proceeds used to fund acquisitions that we expect will be slightly deleveraging. Leverage pro-forma for the transaction is 7.2x as of Q2 2016 (including Moody’s standard adjustment) which remains very high for the existing rating and leaves little room for an upsize of the transaction. The $100 million add on follows the $300 million add on term loan completed in June 2016 which was used to help fund the parent company’s acquisition of an ownership position in UFC Holdings, LLC (fka Zuffa, LLC). The ratings receive support from the large size of the company with global scale and diversified operations in client representation, event operations, distribution of media, sponsorship and licensing rights, as well as marketing and other services.”

I don’t understand how WME has a B2 rating when their operating with so much debt! Donald Trump’s former talent agency has been operating in massive debt for quite some time, and now thanks to a couple more hundred million dollar loans, this racist company is buying up more businesses left and right. This shouldn’t be allowed! Don’t be surprised when the economy collapses…

Source: Moody’s Investors Service. November 2, 2016. https://www.moodys.com/research/Moodys-says-WME-IMG-LLCs-ratings-are-unchanged-following-announced–PR_357454.

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