Silver Lake Management has lined up as much as $8.5 billion of debt financing for its buyout of Endeavor Group Holdings Inc. (NYSE: EDR), the talent agency and controlling investor in WWE and the Ultimate Fighting Championship.

JPMorgan (NYSE: JPM) is leading underwriters on a portion of the financing structured as a leveraged loan, reports Bloomberg News. Competition between banks and private credit lenders to finance deals has risen to a fever pitch amid a dearth of leveraged buyouts and acquisitions. Demand for new paper from investors is high as the loan market tightens to levels not seen since 2022.

Goldman Sachs, JPMorgan, Morgan Stanley, Bank of America, Barclays Plc, Deutsche Bank AG and Royal Bank of Canada acted as financing arrangers and financial advisers to Silver Lake, according to Bloomberg.