secwatch.observer — SEC 8-K summary
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Issuer:     Warner Music Group Corp. (WMG)
CIK:        0001319161
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001193125-23-140890
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1319161/000119312523140890/0001193125-23-140890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1319161/000119312523140890/d475446d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-140890

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