Recently, Zuffa enlisted Deutsche Bank, Goldman Sachs, J.P. Morgan, and Bank of America Merrill Lynch in order to refinance its existing debt with a new term loan B. While the deal underwriters are the usual Wall Street banks, a term loan B is aimed at institutional investors such as mutual funds and insurance companies. So what other money managers are willing to invest their clients’ money in this kind of bloody business?
Here is one example of a money manager who has previously bought Zuffa debt:
Scott H. Page is a vice president of Eaton Vance Management, portfolio manager on Eaton Vance's bank loan team and head of the Bank Loan Investment group. He graduated from Williams College in 1981 and has a M.B.A. from the Amos Tuck School of Dartmouth College. Pieces of Zuffa debt can be found in mutual fund and insurance fund portfolios that he manages.
Portfolios That Owned Zuffa LLC’s Term Loan B (2.25%, Due 6/19/2015), as of 12/31/2012