Kobalt just raised $550 million in debt to buy music catalog rights

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

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