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Concord Music Closes $850 Million in Financing for ‘Strategic Growth and Acquisitions’
Concord, which bought the Genesis catalog for $300 million and Round Hill Music for $468 million, has secured another $850 million in financing.
Concord, one of the world’s largest independent music companies, has successfully closed a new series of $850 million in financing to “fuel strategic growth and acquisition.” The notes will be secured by music royalties from a pool of catalogs containing over 1 million songs, including hits recorded by the Beatles, Carrie Underwood, Cheap Trick, Creed, Genesis, Kiss, Mike + The Mechanics, Otis Redding, Phil Collins, Plain White T’s, R.E.M., R.E.O. We are grateful to our financing partners, Apollo and ATLAS SP, for helping us create a long-term capital structure that supports our growth and strengthens the financial foundation that allows us to keep investing in the music industry.
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