Silver Lake Looks to Private Credit for Ticketek Owner Dividend
- Unitranche loan tenor would have a tenor of five years
- Both Australia’s TEG and Silver Lake declined to comment
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Silver Lake Management is seeking to tap private credit funds for a loan of around A$950 million ($624 million) for Ticketek-owner TEG in order to give itself a payout, according to people familiar with the matter.
The dividend recapitalization debt would have a five-year tenor, said the people who asked not to be named as the matter is private. Goldman Sachs Group Inc. is the arranger and the loan would be unitranche, a blend of senior and subordinated debt that’s popular among private credit lenders.