Concord, Apollo Wrap Up $500 Million Bond for Round Hill Music

Concord Music Group Inc.finalized a $500 million asset-backed deal with Apollo Global Management Inc.to help finance its acquisition of Round Hill Music LP, according to Concord’s Chief Executive Officer Bob Valentine.

The transaction was done privately, Valentine said on the sidelines of the IMN ABS East structured finance conference in Miami Tuesday. Round Hill agreed to be acquired by Alchemy Copyrights LLC — trading as Concord — in September.

“The asset-backed market continues to expand its use cases and we are pleased to be at the forefront of this evolution, providing our partners at Concord with ...