Kobalt is going to continue to buy heritage copyrights amid the current music catalog gold-rush, it’s been revealed. Only this time, it’s not using outside-investor money… it’s using its own, including a hunk of debt. According to Bloomberg, Kobalt Music Group has successfully raised $550 million in debt financing from JPMorgan Chase & Co. and HPS Investment Partners.
Source: Kobalt just raised $550 million in debt to buy music catalog rights