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KKR leads $500M debt financing for HarbourView Equity Partners to buy more music rights

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Updated Mar 13, 2024
Illustration of a pencil writing sheet music with dollar and cents symbols

Illustration: Sarah Grillo/Axios

Prolific music catalog buyer HarbourView Equity Partners said Wednesday morning it had closed nearly $500 million in debt financing led by KKR to buy more music rights.

Why it matters: HarbourView has been among the most active firms in the music rights space as the market heats back up.

Catch up quick: Since 2021, HarbourView has acquired more than 50 catalogs from the likes of Pat Benatar and Neil Giraldo, Fleetwood Mac's Christine McVie, Wiz Khalifa, Brad Paisley and Nelly.

  • The new financing follows HarbourView expanding its credit facility last December by an additional $100 million (to $300 million total).
  • KKR last month sold its majority stake in Chord Music Partners, which it formed with Dundee Partners in 2021. That deal also saw Universal Music Group take a 25.8% stake.

Zoom in: Kuvare Asset Management also participated in the financing.

  • Guggenheim Securities LLC served as the sole structuring adviser, and Guggenheim Securities and Barclays acted as co-placement agents on this transaction.
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