secwatch.observer — SEC 8-K summary
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Issuer:     Warner Music Group Corp. (WMG)
CIK:        0001319161
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001140361-24-003668
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Warner Music subsidiary extends term loan maturity to 2031, refinances $1.295B
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- Issued $1.295B Tranche I term loans to repay existing Tranche G term loans in full.
- Maturity extended from January 20, 2028 to January 24, 2031.
- Interest rate: Term SOFR + 2.00% or base rate + 1.00%, with applicable floors.
- JPMorgan Chase Bank acted as administrative agent and sole Tranche I term lender.
- Amendment entered on January 24, 2024; fees and conditions precedent satisfied.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1319161/000114036124003668/0001140361-24-003668-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1319161/000114036124003668/ef20019570_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-003668

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