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KKR Creates $1.1 Billion Music-Rights Bond Following Kobalt Catalog Deal
A stay functionality from Maroon 5, whose music is element of the newly announced bond from KKR. Picture Credit score: Justin Higuchi Getting obtained stakes in the catalogs of John Legend and OneRepublic’s Ryan Tedder, Kohlberg Kravis Roberts (NYSE: KKR) has now developed a just about $1.2 billion new music-rights bond. The New York Metropolis-headquartered expense firm’s songs-IP bond – which marks “the very first music royalty securitization of” its KKR Credit history Advisors subsidiary – arrived to mild in a typical release from the Kroll Bond Ranking Agency (KBRA). December of 2021 saw KBRA expose plans to assign a score to Northleaf Cash Partners’ far more than $300 million…