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Music Business

Investors Flood $530M SESAC Capital Restructuring

Privately owned performing rights organization SESAC has completed a major refinancing of its capital structure, reports Billboard, selling $530 million in bonds and obtaining a $30 million revolving credit line.

,   and  Bruce Houghton
Sesac-logoPrivately owned performing rights organization SESAC has completed a major refinancing of its capital structure, reports Billboard, selling $530 million in bonds and obtaining a $30 million revolving credit line.In the latest sign of strong investor interest in music rights, the SESAC offering was oversubscribed to the tune of $1.5 billion.

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