Aug 5, 2026 – 6.06pmTicketek owner TEG has raised a $100 million war chest from its lenders to target rivals including Live Nation-owned Ticketmaster after appointing a new chief executive following the loss of several key government ticketing contracts.After a month of discussions with its American private equity backer and its banks about an immediate injection of funds to try to turn around the business, TEG’s lenders tipped in super senior debt in the past fortnight, according to sources with knowledge of the talks.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Ticketek owner’s banks write $100m cheque to fund turnaround
American private equity firm Silver Lake insists it is committed to Ticketek owner TEG after the firm secured around $100 million in new debt from its banks.
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