
Endeavor Secures $260 Million Loan Amid Cost-Cutting Measures
The term loan adds to an existing $2.8 billion in debt for WME and UFC’s parent company
The term loan adds to an existing $2.8 billion in debt for WME and UFC’s parent company
The coronavirus shutdown has shone a light on their dire financial situation
“Endeavor will be bloody from head to toe,” Eric Schiffer, CEO of The Patriarch Organization, tells TheWrap
Staffers will have up to 30% of their salaries slashed while president Mark Shapiro will take a 50% cut
“I don’t think any of us could have imagined we’d be in the place we are today,” said Endeavor chief Ari Emanuel in memo to staffers
The company offers high-end experiences like access to the field at the Super Bowl
Speakers agency’s clients include former President Barack Obama, Hillary Clinton, Ronan Farrow, Stacey Abrams and Earvin Magic Johnson
Company pulled its IPO in September
“Nobody has heard of Endeavor outside of Hollywood,” one investment expert tells TheWrap