$260,000,000 loan at 11% interest makes me head hurt...
That's just one situation out of many affecting them. They purchased UFC for $4B and currently owe $4.6B. The company as a whole is valued at around $3.4B yet has $7.2B in total liabilities. On the bright side, this latest loan (on top of liquefying assets left and right) has bumped their Moody's credit rating from second-worst to third-worst