Alternative asset management firm HarbourView Equity Partners amended its senior secured credit facility led by Fifth Third Bank, increasing the capacity of the facility by $100 million to $300 million. The firm will use the additional funding to continue acquiring music royalty assets and for general corporate purposes.
“HarbourView remains committed to providing the best execution for our growing LP base against a relatively challenging market environment,” Carlos Cruz, head of capital markets at HarbourView, said. “We are thankful to both our new and existing financing partners for their commitment to HarbourView’s success.”
Three new lenders were added to the syndicate for the facility, including Bank of America as a new joint lead arranger, Barclays and First Bank & Trust Company, joining existing lenders California Bank & Trust, MUFG Bank, Regions Bank and BankUnited. Fifth Third Bank remains lead arranger, sole bookrunner and administrative agent for the facility.
“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,” Sherrese Clarke Soares, CEO and founder of HarbourView, said.
