Reposted from 8.2.19 Reuters article:

“SESAC, whose clients include Adele, Bob Dylan and Neil Diamond, on Friday priced a two-part $560 million bond offering backed by music royalties and licensing agreements, according to a source familiar with the deal.

The largest piece of the securitization was a fixed-rate note, worth $530 million with a weighted average life of 6.7 years. The note offers a yield of 5.25%, lower than a guidance 5.50% discussed earlier this week, the source said.”

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