Harbourview Expands Credit Facility to $300 Million as Major Banks Jump In

HarbourView Equity Partners has increased its existing credit facility to $300 million after Bank of America joined the syndicate alongside Fifth Third Bank.

Other first-time participants include Barclays Plc and First Bank & Trust Co., according to a statement provided to Bloomberg News. Harbourview will use the newly acquired $100 million debt capacity to continue buying music royalty assets. Fifth Third bank remains the lead arranger and bookrunner for HarbourView.

“As capital conditions evolve, we are grateful for the continued support of our banking partners who have helped support HarborView’s tremendous growth since inception,” says Founder & CEO Sherrese Clarke Soares. HarbourView was founded in 2021 to seek acquisitions of media and entertainment assets, purchasing more than 45 music catalogs comprising around 26,000 songs. Some of those purchases include the publishing catalog of Luis Fonsi and the publishing catalog of Dre & Vidal.

“HarbourView remains committed to providing the best execution for our growing LP base, against a relatively challenging market environment,” adds HarbourView Head of Capital Markets Carlos Cruz. “We are thankful to both our new and existing financing partners for their commitment to HarbourView’s success.”

Most recently, HarbourView acquired a collection of Kane Brown’s publishing catalog in November 2023. Other music acquisitions include recording and publishing assets from artists including Pat Benatar, Neil Giraldo, Christine McVie, Brad Paisley, Florida Georgia Line, and many more. In July 2023, the company acquired select recording assets of songwriter and music producer Blackbear. It has also amassed a catalog of music rights in the hip-hop space, striking a deal with Wiz Khalifa for “select recording music and publishing assets.”

HarbourView seeks to be the industry standard for investing in assets and companies driven by premier intellectual property. The company launched in 2021 with a best-in-class team with decades of investment experience and expertise in and around esoteric asset classes including music, film, tv, and sports.