Dick Clark Productions (DCP) priced a $340 million of securities backed by the fees and revenues from the group’s most recognizable television broadcasts, including Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest.

This is the issuer’s first-ever securitization, according to Kroll Bond Ratings. The transaction’s $300 million of  ‘BBB-’ notes with a weighted average life of 6.5-years, yield 5.5% according to Bloomberg. The notes have a final maturity of October 25. 2044. 

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