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Concord Raises $600M for Continued Expansion, Assigned B1/B+ Corporate Ratings

Aug 18, 2020•almost 5 years ago

Amount Raised

$600 Million

Description

After receiving first-time corporate credit ratings of B1 and B+ from Moody’s and S&P last month, Concord announced today that it has closed on a $600 million term loan B debt offering which, in addition to its existing $450 million revolving credit facility, provides the company with access to over $1 billion of total debt financing, further cementing its position as the world’s most significant independent music and theatrical rights company.

Company Information

Company

About

AccelFoods is an early-stage venture fund investing in consumer products. We partner with entrepreneurs to bring innovative, high-quality food and beverage products to the forefront of the industry and create the next generation of enduring brands. With nearly $40m under management, we are hands-on partners that work tactically with our founders to scale their businesses quickly and smartly. We connect the dots within the broader food & beverage ecosystem to provide unique access, share distinct expertise, and build solid infrastructure.

Funding Insights

Based on industry data
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