King & Spalding advised a U.S. based global commercial and financial bank, as administrative agent and purchaser, and a European-headquartered global investment bank, as structuring advisor and placement agent, in connection with the sale and purchase of $125 million in secured series 2025-1 (media asset-backed) notes backed by music royalties, music revenue rights, master recordings, sounds recordings, and other media assets from a data-driven technology platform providing music catalog monetization.