Investors want to Invest in Music Rights Companies – SESAC Restructuring Oversubscribed (Who is Next?)

It seems like there is a very large appetite for music rights investment at the moment. SESAC has just completed a refinancing of its capital structure, which has seen it sell off $530 million in bonds and gaining commitments for $30 million in a revolving credit facility.

Source have said that the deal was heavily oversubscribed to almost $1.5 billion.

It shows that investors are now willing to invest within the music industry, which hasn’t been the case of well over a decade.

It will be interesting to see if any other music rights companies make a move either onto the public markets or are acquired within the industry and what multiples they can achieve.

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