secwatch / observer
8-K filed January 24, 2024, 6:59 PM ET ticker WMG CIK 0001319161
debt confidence high sentiment neutral materiality 0.50

Warner Music Group Corp. (WMG): debt financing — Warner Music subsidiary extends term loan maturity to 2031, refinances $1.295B

Warner Music Group Corp.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Warner Music Group Corp. incurred term loan with JPMorgan Chase Bank, N.A., as administrative agent, and the other financial institutions and lenders at Term SOFR ... plus 2.00% per annum maturing January 24, 2031.

Instrument
term loan
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent, and the other financial institutions and lenders
Rate
Term SOFR ... plus 2.00% per annum
Maturity
January 24, 2031
Event
incurrence
Exact text from the filing
The information contained in Item 1.01 concerning Acquisition Corp.’s direct financial obligations under the Senior Term Loan Credit Agreement Amendment is incorporated herein by reference.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Warner Music Group Corp. amended Senior Term Loan Credit Agreement Amendment with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (effective 2024-01-24).

Action
amendment
Agreement
credit facility
Counterparty
the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent
Effective
2024-01-24
Exact text from the filing
On January 24, 2024, WMG Acquisition Corp. (“Acquisition Corp.”), a subsidiary of Warner Music Group Corp., entered into an amendment (the “Senior Term Loan Credit Agreement Amendment”) to the credit agreement, dated November 1, 2012
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283 debt financings filed in the last 30 days. Browse all debt financings →

Warner Music Group Corp. filing history →

Source: SEC EDGAR
accession 0001140361-24-003668
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