Brief: TKO Group Entered Into Stock Purchase Agreement With Vincent K. Mcmahon

Endeavor group

08/04/2024 11:13

April 8 (Reuters) - TKO Group Holdings Inc  TKO.N :
    * TKO GROUP: ENTERED INTO A STOCK PURCHASE AGREEMENT WITH
VINCENT
K. MCMAHON
    * TKO GROUP: ENDEAVOR AGREED TO PURCHASE 1.6 MILLION SHARES
OF
CLASS A STOCK OF TKO HELD BY MCMAHON
    * TKO GROUP-TO FUND SHARE REPURCHASE WITH ABOUT $150.0
MILLION OF
BORROWINGS UNDER REVOLVING CREDIT FACILITY UNDER CREDIT
AGREEMENT DATED AUGUST 18, 2016
    * TKO: ENDEAVOR TO PURCHASE MCMAHON'S SHARES AT PER SHARE
PRICE OF
$89.01 FOR AGGREGATE AMOUNT OF $146.2 MILLION
    * TKO GROUP: CO TO BUY 1.9 MILLION SHARES OF TKO HELD BY
MCMAHON
FOR AGGREGATE AMOUNT OF $165.0 MILLION

Source text for Eikon:  ID:n0001193125-24-089035 
Further company coverage:  TKO.N 

 ((Reuters.Briefs@thomsonreuters.com;))