Proceeds from the fund will be used to repay $1.65 billion Concord owes from its 2022 ABS.
The ABS is backed by a $5.1-billion catalog featuring songs by Genesis, Phil Collins, R.E.M., Carrie Underwood and Creed.
The $410 million, 5,000-song catalog also includes the music of AJR, Busta Rhymes and Jessie J.
