Vivid Seats Reaches Agreement In Principle With Ad Hoc Group Of Lenders; Would Provide For $60M Of New Term Loans, Convert A Significant Portion Of Existing Debt Into Equity, Reduce Overall Funded Debt By ~$200M And Extend Maturity Of Remaining Debt

Agreement is on the material terms of a comprehensive recapitalization and deleveraging transaction (the "Proposed Transaction"). Under the terms currently contemplated, the Proposed Transaction would, among other things, provide for $60 million of new money term loans, convert a significant portion of existing debt into equity, reduce the Company’s overall funded debt by approximately $200 million, and extend the maturity on the remaining debt.

The Proposed Transaction is intended to strengthen the Company’s balance sheet, enhance its liquidity position, and provide greater financial flexibility to support its operations and long-term strategic objectives. The Proposed Transaction remains subject to, among other things, the negotiation and execution of definitive documentation.