TKO Group (TKO) disclosed that on April 4, Endeavor (EDR) entered into a stock purchase agreement with Vincent McMahon, pursuant to which Endeavor agreed to purchase 1,642,970 shares of class A common stock of TKO, held by McMahon, at a per share price of $89.01 for an aggregate amount of $146.2M. On April 7, TKO entered into a stock purchase agreement with the McMahon, pursuant to which TKO agreed to purchase 1,853,724 shares of common stock of TKO held by McMahon at a per share price of $89.01 for an aggregate amount of $165M. TKO intends to fund the share repurchase with approximately $150M of borrowings under its revolving credit facility.
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