Terms of the restructuring weren't disclosed, but in a press statement Jackson said he "has concluded refinancing with affiliates of Fortress Investment Group, the lender that currently holds secured debts that were previously held by
Bank of America
." Jackson's statement said the restructuring followed "negotiations with several leading financial institutions."
Press reports have indicated Jackson might have to give up his rights to the Beatles' catalog as part of any deal.
structured the transaction for the parties.