Vivid Seats Loan in Deeper Distress After Weak Earnings, Outlook

Vivid Seats Inc.’s debt sank further into distressed territory after the ticket reseller reported earnings that missed estimates and guided for even weaker results this year.

The company’s $390 million first lien senior secured term loan due in 2029 was quoted in the 30s cents on the dollar range this week, according to people familiar with the matter. It had been trading in the mid to high 50s area since November, and was last traded at 47 cents on the dollar on Thursday, according to BVAL prices.

The ticket reseller reported on Thursday $126.8 million in revenues for the ...