Concord Raises $850M Through Music Catalog-Backed Notes, Strengthens Industry Position
Concord has successfully issued $850 million in senior notes, secured by royalties from a catalog containing over one million songs, featuring artists like the Beatles, Phil Collins, and Genesis.
Plain White T's performing on stage
The five-year securitization, structured and led by Apollo Global Securities, marks Concord's third such transaction. The company's music IP portfolio is now valued at approximately $5.1 billion, with plans for additional acquisitions using the newly acquired capital.
Key highlights of the securitization:
- Includes a recent $217.3 million catalog purchase featuring Daddy Yankee's work
- FTI Consulting serves as the backup manager
- Represents part of Concord's strategic growth plan in the music industry
The company is also expanding its physical presence, with plans to relocate its California operations from Los Angeles to a 32,241-square-foot space in Beverly Hills during Q3 2025.
Recent notable acquisitions by Concord include:
- Mojo Music & Media
- Round Hill buyouts Combined value: $606.3 million in music IP
Concord CEO Bob Valentine described the securitization as "another significant milestone" in the company's growth strategy, emphasizing their commitment to supporting artists and their creative work.
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