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AI brief of an SEC Form 8-K · TKO Group (TKO)

TKO Adds $1.0 Billion Term Loan to Fund $1.0 Billion Share Repurchases

Neutral Impact 4 of 5 financing Written later

On September 15, 2025, TKO Holdings amended its first lien credit agreement and borrowed the full $1.0 billion incremental term loan, maturing November 21, 2031. The proceeds are intended mainly to fund share repurchases, including $800.0 million under an accelerated share repurchase agreement with Morgan Stanley and up to $174.0 million under a 10b5-1 trading plan, which would leave the company with $1.0 billion remaining under its $2.0 billion repurchase program.

Key points

  • $1.0 billion incremental term loan borrowed September 15, 2025, priced at Term SOFR plus 2.00%
  • $800.0 million accelerated share repurchase with Morgan Stanley; $800.0 million payment due September 16, 2025, with completion expected December 2025
  • Up to $174.0 million in repurchases under a 10b5-1 plan, to start after the accelerated share repurchase is completed
  • Revolving credit facility maturity extended to September 15, 2030

The filing

CompanyTKO Group (TKO)
Form8-K, current report
Filed with the SECSep 15, 2025, 7:23 AM ET
Accession number0001193125-25-202794

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 15, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.