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.

Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

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