The board of Hipgnosis, a renowned music IP investment company, has recently announced to its investors that the company has signed a new agreement with a syndicated group of lenders wherein JP Morgan & Chase Bank is the Lead Arranger. Reportedly, those lenders have raised Revolving Credit Facility of Hipgnosis from USD $400 million to $600 million. This has obviously increased Hipgnosisâ€™ access to credit by $200m on the companyâ€™s previous agreement with the lenders, announced last year in July. In a note to shareholders, Hipgnosis stated that the company may request for a further increment of $150 million in the Revolving Credit Facility commitment, depending upon certain conditions. The company also added that as per its investment policy, its total borrowings will not surpass 30% of its Net Asset Value. Speaking of the matter, Merck Mercuridadis, CEO of Hipgnosis stated that as the company is growing and considering the current size of the Revolving Credit Facility, the company and its Investment Adviser are inclined on exploring and evaluating the most suitable long-term gearing strategy for supporting the growth of shareholder value. For the record, during the closure of September 2020, Hipgnosis owned Â£203.7 million ($276 million as per current exchange rates) in cash as well as cash equivalents. Additionally, during the half-year period to end of the same month, Hipgnosis recorded Â£50.0 million in total revenue, Â£10.25 million of net profit. It has been reported that Hipgnosis, during the past four days has confirmed the acquisition of future royalties of Jimmy Iovineâ€™s production catalog as well as 100% of Fleetwood Mac songs by Lindsey Buckingham. In addition, the company on January 6 announced the purchase of 50% of publisher and writer share of the song catalog of Neil Young.