$TKO (TKO Group Holdings) — 8-K: TKO launches $1.0 billion senior secured notes offering due 2031

TKO Worldwide Holdings, LLC, an indirect subsidiary of TKO, launched an offering of $1.0 billion aggregate principal amount of Senior Secured Notes due 2031. Net proceeds are expected for general corporate purposes, which may include distributions to parent entities to fund share repurchases under TKO's previously announced share repurchase program, and to pay related fees and expenses. The notes will be guaranteed by TKO Guarantor, LLC and certain wholly-owned domestic restricted subsidiaries, and secured by a first priority lien on collateral securing existing senior secured credit facilities. Completion is subject to pricing and customary closing conditions.

TKO Worldwide Holdings, LLC, an indirect subsidiary of TKO, launched an offering of $1.0 billion aggregate principal amount of Senior Secured Notes due 2031. Net proceeds are expected for general corp