Exhibit 10.18
Execution Version
SIXTH AMENDMENT, dated as of June 15, 2020 (this “Amendment”), to the Credit Agreement (as defined below) among Zuffa Guarantor, LLC, as Holdings (“Holdings”), UFC Holdings, LLC, as Borrower (the “Borrower”), Goldman Sachs Bank USA, as Administrative Agent (the “Administrative Agent”), the Lenders party hereto and each Second Revolving Increase Lender (as defined below).
RECITALS
A. Holdings, the Borrower, the Lenders party thereto from time to time and the Administrative Agent are party to that certain First Lien Credit Agreement, dated as of August 18, 2016 (as amended by the First Refinancing Amendment, dated as of February 21, 2017, the First Incremental Term Facility Amendment, dated as of April 25, 2017, the Third Amendment, dated as of March 26, 2019, the Fourth Amendment, dated as of April 29, 2019, and the Fifth Amendment, dated as of September 18, 2019, and as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”).
B. Pursuant to Section 2.20 of the Credit Agreement, the Borrower may establish Incremental Term Loans and Incremental Revolving Commitment Increases by, among other things, entering into one or more Incremental Facility Amendments pursuant to the terms and conditions of the Credit Agreement with each Additional Lender agreeing to provide such Incremental Term Loans (each such Additional Lender agreeing to provide Fourth Additional Term Loans (as defined below) and any assignees thereof are referred to herein as a “Fourth Additional Term B Lender”) and such Incremental Revolving Commitment Increase ((such Additional Lender agreeing to provide the Second Revolving Increase (as defined below) and any assignees thereof, are referred to herein as “Second Revolving Increase Lender”).
C. The Borrower has requested a borrowing of Incremental Term Loans in an aggregate principal amount of $150,000,000 (the “Fourth Additional Term Loans”, and the commitments of the Fourth Additional Term B Lenders in respect thereof, the “Fourth Additional Term B Commitments”) under the Credit Agreement, which will be a separate Class from the Refinancing Term Loans, the First Additional Term Loans, the Second Additional Term Loans and the Third Additional Term Loans and the proceeds of which will be used for any purposes not prohibited by the Loan Documents.
D. The Borrower also has requested an Incremental Revolving Commitment Increase under the Revolving Credit Facility in an aggregate amount of $42,250,000 (the “Second Revolving Increase”; loans thereunder, “Second Revolving Increase Loans”; commitments thereunder, “Second Revolving Increase Commitments”), such that the aggregate amount of the Lenders’ Revolving Commitments after giving effect to this Amendment is $205,000,000.
E. The initial Fourth Additional Term B Lender party hereto has agreed to make the Fourth Additional Term Loans and each Second Revolving Increase Lender party hereto has agreed to provide the Second Revolving Increase Commitments, in each case on the terms and conditions set forth herein.