Hipgnosis Song Management has moved into asset-backed securities with a $222 million bond offering powered by catalog royalties. HSM’s arrival into the music-bond space – where the likes of KKR and Northleaf Capital Partners have debuted in recent months – came to light in a formal release and report from the Kroll Bond Rating Agency (KBRA).
Source: Hipgnosis Moves Into Asset-Backed Securities With $222MM Bond