Concord: Asset-Backed Securitization | Apollo

Описание: Apollo’s Capital Solutions business, Redding Ridge Asset Management and ATLAS SP Securities supported leading global music publisher Concord in structuring and leading an investor syndicate for a new series of $850M in senior notes backed by a diverse catalog of music assets valued at more than $5B. Concord has now issued over $3B into the ABS market, following the company’s $1.8B ABS transaction in December 2022 and subsequent $500M upsize of the facility to acquire Round Hill Music Royalty Fund in 2023.

Learn more about the ongoing capital partnership between Apollo and Concord, which has resulted in the highest-rated music ABS (A2 by Moody’s and A+ by KBRA) ever at time of issuance. https://www.apollo.com/insights-news/...