Moody’s rates Thunder Finco term loan B2

Moody’s Investors Service said it assigned a B2 rating to Thunder Finco Pty Ltd.’s proposed $285 million first-lien term loan facility, and a B3 senior secured rating to Thunder Finco’s $100 million second-lien term loan facility.

Proceeds will be used to fund the acquisition of TEG Pty Ltd. by Silver Lake Partners.

Moody’s also assigned a first-time rating of B2 to Thunder Finco.

“Thunder Finco’s B2 corporate family rating reflects the credit profile of TEG, which is in turn supported by its position as the leading integrated live entertainment company in Australia and New Zealand, operating across ticketing, live entertainment promotion, data analytics and digital marketing,” said Ian Chitterer, a Moody’s vice president and senior credit officer, in a press release.

The outlook is stable.

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