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StubHub Seeks to Cut Rates by Half on Pandemic Leveraged Loan

July 20, 2021, 1:37 PM

StubHub Inc. is looking to slash the interest payments on a leveraged loan issued at the height of the pandemic. It’s among a handful of companies taking advantage of booming leveraged loan and high-yield bond markets to borrow at cheaper rates.

Why It’s Noteworthy

The online ticket vendor could cut interest costs on a $328 million loan it got last August by as much as half. The company, which was bought by Viagogo last year, has floated to investors a new spread of 4.25% to 4.5% over the London Interbank Offered Rate, down from the current one of 8%. ...