TEG raises $100M in debt to take on Ticketmaster

What's the deal? TEGDealroom has a profile for this one. Try Dealroom →, the Australian parent company of TicketekDealroom has a profile for this one. Try Dealroom →, has secured $100 million in super senior debt from lenders.

Why now? The financing follows negotiations between TEG's American private-equity backers and banks, after the company lost several government ticketing contracts.

What it means. TEG plans to use the capital to stabilise operations and compete more aggressively with TicketmasterDealroom has a profile for this one. Try Dealroom →, which is owned by Live NationDealroom has a profile for this one. Try Dealroom →. The company has also appointed a new chief executive.

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