Eight investment banks are in the market with a $500 million-plus funding package for US private equity firm Silver Lake Partners and its acquisition of Ticketek owner TEG.
Silver Lake's Thunder Finco Pty Ltd is seeking to raise $US285 million ($416 million) in a first lien term loan another $US100 million ($146 million) in second lien money to help support the $1.3 billion-odd buyout. There's also a revolver and capex facility expected to be worth about another $US50 million.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com
