Legal and Management

Endeavor has lined up a $260 million term loan to boost its financial flexibility amid the novel coronavirus pandemic, The Hollywood Reporter has confirmed. The financing deal adds to an existing $2.8 billion term loan at a time when Endeavor’s live events operations, which include Ultimate Fighting Championship, in which the firm owns a majority stake, and entertainment business have been hit by the pandemic. The Wall Street Journal first reported the additional $260 million loan Monday. Endeavor — the parent company of talent agency WME, modeling agency IMG and Professional Bull Riders — has launched cost-cutting efforts amid the pandemic, including layoffs, pay cuts and furloughs. UFC held its first of several fight cards without fans Saturday. &...