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BMG and Concord Complete $7 Billion Merger to Form Music Industry's Fourth Major

Apollo Global Management has injected $1.25 billion in equity to clear legacy debt for the newly merged BMG-Concord, securing the financial foundation of the music industry's new fourth major player.

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Apollo Global Management's $1.25 billion equity injection clears the legacy debt that funded Concord's catalog acquisitions.From: Apollo Provides $1.25 Billion Capital Solution to Solidify BMG-Concord Merger

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Since 2022, Apollo has supported Concord's issuance of more than $4.5 billion in asset-backed securities.From: Apollo Provides $1.25 Billion Capital Solution to Solidify BMG-Concord Merger ·
The combined entity will separate its publishing and recorded music divisions while maintaining Concord's theatrical arm.From: BMG and Concord Complete $7 Billion Merger to Form Music Industry's Fourth Major ·
The newly merged BMG-Concord will operate its combined publishing and recorded music divisions from its Nashville headquarters.From: Apollo Provides $1.25 Billion Capital Solution to Solidify BMG-Concord Merger ·
While global operations will be based in Nashville, the new BMG will maintain its European headquarters in Berlin.From: BMG and Concord Complete $7 Billion Merger to Form Music Industry's Fourth Major ·