Concord raises $1.7 billion secured against catalogue of 1.3 million copyrights
Concord has raised $1.765 billion in an asset-backed securities transaction. The 10-year tranche of the senior notes was privately placed and represents the longest duration ABS issuance at scale in the music sector. The notes are secured by Concord’s catalogue of more than 1.3 million music copyrights, featuring the songs ...
