DLA Piper represented Concord, a leading independent music company, in securing a US$450 million senior secured credit facility led by Fifth Third Bank as administrative agent, lead arranger, and joint bookrunner.

Concord’s catalog amasses more than 1.3 million music copyrights, including songs by The Beatles, Beyoncé, Bruno Mars, Daddy Yankee, Ed Sheeran, Michael Jackson, Pink Floyd, Rihanna, Taylor Swift, and The Rolling Stones.

The DLA Piper global team was led by Partner Robert Sherman (Los Angeles), Co-Chair of DLA’s Entertainment Finance Practice, and included Partners Mark Dwyer (London), Gerald Rokoff (New York), John Wei (Boston), and Rachel Fertig (Washington, DC), and Associate Payvand Coyle (Los Angeles), among others in DLA Piper’s London office.

DLA Piper's market-leading media assets securitization team, co-led by Partners Robert Sherman and Claire Hall, is one of the most active groups in the emerging media rights asset backed securitization sector and has represented leading music rights companies in raising capital to support their acquisition platforms, including more than US$2.5 Billion of ABS notes issued to date in 2025.