Four Firms Lead Apollo’s $1.8 Billion Music-Backed Bond Sale

Four law firms advised in an Apollo Global Management unit’s offering of $1.8 billion of bonds backed by music copyrights in Concord Music Royalties’ first securitization.

King & Spalding advised Apollo affiliates, while Greenberg Traurig advised Apollo affiliates regarding music assets in the transaction, which Apollo called the largest-ever bond offering backed by music rights assets.

DLA Piper counseled Concord, while Reed Smith advised Concord regarding music assets in the transaction, according to a statement.

The bond offering repackages royalties, including compositions and recording assets, from a diversified catalog of more than 1 million music assets including those of Phil ...