Street Talk

KKR signs off $1.2b MYOB refinancing, Big American enters debt stack

Sarah Thompson, Kanika Sood and Emma Rapaport

May 29, 2025 – 3.04pm

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KKR & Co has stared down the prospect of a Moody’s downgrade at its accounting software business MYOB, signing a $1.2 billion refinancing loan and bringing in a new group of global private lenders believed to include New York-headquartered Apollo Global Management.

Street Talk understands the new loan, arranged by UBS and KKR Capital Markets, is structured as a uni-tranche term loan over five years, shifting from US and Australian dollar Term Loan Bs.

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.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.