ole gets upsized $500 million loan facility led by City National Bank

By Susanna Moon

Chicago, Sept. 15 – ole said it obtained an upsized $500 million credit facility from 12 U.S. and Canadian banks led by City National Bank.

Proceeds will be used to fund acquisitions.

The deal was increased from $400 million because of “strong demand from both new and existing lenders ... making it the largest credit facility in independent music publishing industry in recent years,” according to a company announcement.

ole is an independent music publishing and rights management company based in Toronto.

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