HarbourView Equity Partners Expands Credit Facility, Welcomes New Partners
HarbourView Equity Partners, the asset management firm that has invested in catalogs from Kane Brown, Brad Paisley, Lady A and more, has amended its senior secured credit facility led by Fifth Third Bank, allowing the firm to increase its capacity by $100 million.
HarbourView’s credit capacity is now $300 million, which the firm plans to use to continue acquiring music royalty assets and for general corporate purposes. Other recent investments from HarbourView include Pat Benatar and Neil Giraldo, Christine McVie, Wiz Khalifa and Nelly.
Additionally, three new financing partners have also added to the syndicate including Bank of America as a new joint lead arranger. Barclays and First Bank & Trust Company were also added, joining existing lenders California Bank & Trust, MUFG Bank, Regions Bank and BankUnited. Fifth Third Bank remains lead arranger, sole bookrunner and administrative agent.
“HarbourView remains committed to providing the best execution for our growing LP base, against a relatively challenging market environment. We are thankful to both our new and existing financing partners for their commitment to HarbourView’s success,” says HarbourView Head of Capital Markets Carlos Cruz.
“As capital conditions evolve, we are grateful for the continued support of our banking partners who have helped support HarbourView’s tremendous growth since inception,” says HarbourView CEO & Founder Sherrese Clarke Soares.
