Fairness Rocks News SESAC Successfully Sells $560 Million In Bonds Backed by Music Royalties and Licensing Deals


Fairness Rocks News SESAC Successfully Sells $560 Million In Bonds Backed by Music Royalties and Licensing Deals

Home Industry News SESAC Successfully Sells $560 Million In Bonds Backed by Music Royalties and Licensing Deals

Author: Marsha Silva

Date: September 26, 2019

Original Source: Digital Music News

Industry News

SESAC Successfully Sells $560 Million In Bonds Backed by Music Royalties and Licensing Deals

SESAC, which is the third largest performance rights organization in America after ASCAP and BMI, has announced that it has refinanced its capital structure by selling $530 million in corporate bonds.

SESAC further received an additional $30 million in revolving credit. The bond sale was reportedly heavily oversubscribed.

Read more: https://www.digitalmusicnews.com/2019/09/26/sesac-bonds/