Radio Facts

ole Adds $135-Million for Acquisitions

Timbaland-feat-Ne-Yo-Hands-In-The-AirOle, one of the world’s foremost rights management companies, has concluded a syndicated financing with 7 U.S. banks to add $135-million in debt capital to ole’s capital structure. In its 9th year of operation, ole has made $275-million of equity investments across various classes of intellectual property assets.The Joint-Lead Arrangers of the facility were Atlanta-based, SunTrust Robinson Humphrey, Inc. and New York-based, J.P. Morgan Securities LLC. SunTrust Bank served as Administrative Agent for the facility, with JPMorgan Chase Bank, N.A. acting as Syndication Agent and CIT Finance LLC and Fifth Third Bank as Co-Documentation Agents. Also participating in the facility are Avenue Bank, City National Bank, and OneWest Bank.The company, which has operations in Toronto, Nashville, New York and Los Angeles, says it will continue to source, acquire, and cultivate high quality intellectual property assets that align with its growth strategy as an upper-mid tier rights management company. Recent purchases include TV/Film IP assets from Sony Pictures Entertainment, Miramax Films, and Cineflix Media, as well as traditional music IP assets from artists/songwriters such as Timbaland and Tyler Farr, among others.

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