Kobalt Funding Tops $1B Following Refinancing, Royalty Securities

Less than five months after unveiling an over $700 million catalog partnership with Morgan Stanley, Kobalt says it’s increased its total “funding capacity” to north of $1 billion. New York-based Kobalt touted the deployable capital today, via a formal release. The more than $1 billion at hand refers specifically to the mentioned Morgan Stanley-powered tranche as well as a refinancing and a newly obtained $266.5 million from an asset-backed securitization.

Source: Kobalt Funding Tops $1B Following Refinancing, Royalty Securities

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