---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-078027"
form_type: "8-K"
ticker: "WMG"
cik: "0001319161"
company_name: "Warner Music Group Corp."
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T17:40:24.426360+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Warner Music amends revolving credit facility to replace LIBOR with SOFR-based rates

## Summary
- Amendment replaces LIBOR-based rates with SOFR and alternate currency rates (EURIBOR, SONIA) in existing revolver.
- Becomes effective on later of April 1, 2023 and five business days after posting to lenders without objection.
- No changes to borrowing limits, fees, or financial covenants under the credit agreement.
- Standard benchmark transition following LIBOR administrator's announcement of cessation after June 30, 2023.

## SEC filing metadata
- accession: 0001193125-23-078027
- form_type: 8-K
- ticker: WMG
- cik: 0001319161
- company_name: Warner Music Group Corp.
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1319161/000119312523078027/0001193125-23-078027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1319161/000119312523078027/d478196d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-078027
- JSON: https://secwatch.observer/filing/0001193125-23-078027.json
- Plain text: https://secwatch.observer/filing/0001193125-23-078027.txt

## Key facts
- Material Agreements
  Warner Music Group Corp. amended Revolving Credit Agreement Amendment with Credit Suisse AG, as administrative agent, and the other financial institutions and lenders party thereto valued at The Revolving Credit Agreement Amendment provides for the replacement of LIBOR-based rates with a SO (effective 2023-03-23).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Credit Suisse AG, as administrative agent, and the other financial institutions and lenders party thereto
  - Value: The Revolving Credit Agreement Amendment provides for the replacement of LIBOR-based rates with a SO
  - Effective: 2023-03-23
  source text: Revolving Credit Agreement Amendment On March 23, 2023, WMG Acquisition Corp. (“Acquisition Corp.”), a subsidiary of Warner Music Group Corp., entered into an amendment (the “Revolving Credit Agreement Amendment”) to the revolving credit agreement, dated January 31, 2018 (as amended by the amendments dated as of October 9, 2019, April 3, 2020 and March 1, 2021), among Acquisition Corp., the several banks and other financial institutions party thereto and Credit Suisse AG, as administrative agent, governing Acquisition Corp.’s revolving credit facility with Credit Suisse AG, as administrative agent, and the other financial institutions and lenders from time to time party thereto. The Revolving Credit Agreement Amendment provides for the replacement of LIBOR-based rates with a SOFR-based rate and other rates for alternate currencies, such as EURIBOR and SONIA. The foregoing description does not purport to be complete and is qualified in its entirety by reference to the Revolving Credit A
  evidence_url: https://www.sec.gov/Archives/edgar/data/1319161/000119312523078027/0001193125-23-078027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.