secwatch.observer — SEC 8-K summary
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Issuer:     Warner Music Group Corp. (WMG)
CIK:        0001319161
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001193125-23-078027
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1319161/000119312523078027/0001193125-23-078027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1319161/000119312523078027/d478196d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-078027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer