Kirkland Advises Seeker Music Group on Close of $276 Million ABS

Kirkland & Ellis advised Seeker Music Group, the creator-led music rights, publishing and record company led by award-winning songwriter and creative executive Evan Bogart - with backing from international savings and investment business M&G - on the close of its inaugural $267 million ABS (asset-backed securitization). Backed by Seeker Music’s portfolio, the notes were rated by Fitch, Kroll, and S&P. Arranged by M&G’s Structured Finance team, the deal enables Seeker to continue expanding its music catalog, invest in creative talent and modernize rights management through technology, while providing M&G’s clients with diversification, uncorrelated returns and growth opportunities.

Read the transaction press release

The Kirkland team included corporate lawyer Kelly Mellecker; and technology & IP lawyers Seth Traxler and Rory Wellever.