KKR Credit Advisors is selling asset-backed securities supported by publishing and sound recording royalties, as well as recoupment of artist advances, for a portfolio of songs valued at more than $1.1 billion, according to a presale report from Kroll Bond Rating Agency. The diverse catalog of 65,000 songs underlying the transaction, including hits from The Weekend, Stevie Nicks, and Maroon 5, was owned by Kobalt Capital Limited and administered by Kobalt Music Publishing, an independent music-rights company. The offering is being led by Credit Suisse and KKR.