We advised the investor on the preferred equity and common equity investments

Davis Polk advised the investor on a $343 million debt-like preferred equity financing and a $55 million common equity investment, both for a sponsor-backed music rights organization. The proceeds of the preferred and common equity investments will be used to finance distributions to existing equity holders and for general corporate purposes.

The Davis Polk finance team included partner Zachary R. Frimet and associates Matthew Vallade and Alex Mahoney Brennan. Partner Patrick E. Sigmon, counsel Yixuan Long and associate Kelsey Nelson provided tax advice. All members of the Davis Polk team are based in the New York office.

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