---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-140890"
form_type: "8-K"
ticker: "WMG"
cik: "0001319161"
company_name: "Warner Music Group Corp."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:02:56.754261+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Warner Music Group amends senior term loan to replace LIBOR with SOFR benchmark

## Summary
- WMG Acquisition Corp. entered an Eleventh Amendment to its $1.295B senior term loan credit agreement.
- Amendment replaces LIBOR-based rates with SOFR-based rates, effective June 1, 2023 or later.
- No changes to borrowing amounts, maturity, or financial covenants; all guarantees and liens reaffirmed.
- Existing Eurodollar loans remain outstanding until their current interest period ends.
- Lenders did not object; amendment becomes effective after five business days and the SOFR Effective Date.

## SEC filing metadata
- accession: 0001193125-23-140890
- form_type: 8-K
- ticker: WMG
- cik: 0001319161
- company_name: Warner Music Group Corp.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: other
- 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/1319161/000119312523140890/0001193125-23-140890-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1319161/000119312523140890/d475446d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-140890
- JSON: https://secwatch.observer/filing/0001193125-23-140890.json
- Plain text: https://secwatch.observer/filing/0001193125-23-140890.txt

## Key facts
- Material Agreements
  Warner Music Group Corp. amended Senior Term Loan Credit Agreement Amendment with Credit Suisse AG, as administrative agent (effective 2023-05-10).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Credit Suisse AG, as administrative agent
  - Effective: 2023-05-10
  source text: On May 10, 2023, 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 senior term loan credit agreement, dated November 1, 2012
  evidence_url: https://www.sec.gov/Archives/edgar/data/1319161/000119312523140890/0001193125-23-140890-index.htm

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