Australia-based TEG is a company that sells tickets to concerts, musicals and sporting events with operations in countries such as Australia, the UK and Singapore. The dividend recapitalization transaction would give Silver Lake Management a payout after talks to sell TEG earlier this year stalled.
Singapore’s Temasek Holdings Pte and KKR & Co. have joined a loan deal for Silver Lake Management LLC’s TEG Pty Ltd., according to people familiar with the matter, who asked not to be identified discussing a private matter.
The unitranche loan of around A$950 million ($850.3 million) has a five-year tenor and a margin of 550 basis points, one of the people said, in line with Bloomberg’s report in November.
