The deal raises SESAC Music Group’s outstanding senior notes to a total of approximately $1.1 billion. This bond issuance is notable as it is the largest 144A-rated whole business securitization ever completed in the music sector. The newly issued bonds are backed by nearly all of SESAC Music Group’s assets and revenue streams, spanning both its Performing Rights and Music Services divisions.
Source: SESAC Music Group Closes $889M Whole Business Securitization