Deals
Music Royalties Investment Firm HarbourView Expands Credit Line to $300 Million
- BofA joins syndicate as joint lead arranger with Fifth Third
- Newark-based firm bought catalogs of Wiz Khalifa, Brad Paisley
Sherrese Soares, founder and chief executive officer of HarbourView Equity Partners
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
HarbourView Equity Partners, the entertainment investment firm that bought the song catalogs of country singer Brad Paisley and rapper Wiz Khalifa, has increased its existing credit facility with Fifth Third Bank to $300 million.
Bank of America Corp. joined the syndicate as a new joint lead arranger alongside Fifth Third with additional support from first-time participants Barclays Plc and First Bank & Trust Co., according to a statement reviewed by Bloomberg News. The debt capacity, which increased by $100 million, will be used to continue buying music royalty assets and support general corporate purposes, the release shows.