TORONTO, ONTARIO--(Marketwired - Oct. 9, 2013) - ole, one of the world's foremost rights management companies, has concluded a syndicated financing with 7 U.S. banks to add $135-million in debt capital to ole's capital structure. In its 9th year of operation, ole has made $275-million of equity investments across various classes of intellectual property assets.
The Joint-Lead Arrangers of the facility were Atlanta-based, SunTrust Robinson Humphrey, Inc. and New York-based, J.P. Morgan Securities LLC. SunTrust Bank served as Administrative Agent for the facility, with JPMorgan Chase Bank, N.A. acting as Syndication Agent and CIT Finance LLC and Fifth Third Bank as Co-Documentation Agents. Also participating in the facility are Avenue Bank, City National Bank, and OneWest Bank.
The company, which has operations in Toronto, Nashville, New York and Los Angeles, says it will continue to source, acquire, and cultivate high quality intellectual property assets that align with its growth strategy as an upper-mid tier rights management company. Recent purchases include TV/Film IP assets from Sony Pictures Entertainment, Miramax Films, and Cineflix Media, as well as traditional music IP assets from artists/songwriters such as Timbaland and Tyler Farr, among others.
ole is one of the world's foremost rights management companies. Founded in 2004, and with operations in Toronto, Nashville, New York and Los Angeles, ole is engaged in intellectual property acquisitions, creative development, and worldwide rights management. The ole catalog includes over 45,000 songs and 60,000 hours of TV and film music across all genres including the recently acquired catalog of Sony Pictures Entertainment. MusicBox, the Production Music division of ole, provides quality content and service to creators in all media with over 150,000 tracks in its library. Copyrights under ole's control include songs recorded by artists such as the Backstreet Boys, Beyoncé, Blake Shelton, Britney Spears, Carrie Underwood, Eric Church, Jay-Z, Justin Timberlake, Kelly Clarkson, Madonna, Michael Jackson, Rihanna, Steven Tyler, Taylor Swift, and Timbaland, and many of the themes, score and cues in Film & Television properties from the catalogs of DHX Media, MGM and Nelvana.
ole is committed to being the world's best and most innovative Rights Management Company and the preferred destination for IP Investors and Creators in all Media.
For more information visit www.majorlyindie.com.