Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Warner Music Group Corp. incurred term loan of $150 million with JPMorgan Chase Bank, N.A., as increasing lender, and Credit Suisse AG, as administrative agent.
- Instrument
- term loan
- Principal
- $150 million
- Counterparty
- JPMorgan Chase Bank, N.A., as increasing lender, and Credit Suisse AG, as administrative agent
- Event
- incurrence
Exact text from the filing
pursuant to which Acquisition Corp. has borrowed additional Tranche G term loans in an amount equal to $150 million
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Warner Music Group Corp. entered into Third Increase Supplement with JPMorgan Chase Bank, N.A. valued at $150 million (effective 2023-06-30).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- $150 million
- Effective
- 2023-06-30
Exact text from the filing
On June 30, 2023, WMG Acquisition Corp. (“Acquisition Corp.”), a subsidiary of Warner Music Group Corp., entered into an increase supplement (the “Third Increase Supplement”), among Acquisition Corp., the guarantors party thereto, WMG Holdings Corp., JPMorgan Chase Bank, N.A., as increasing lender, and Credit Suisse AG, as administrative agent, to the senior term loan credit agreement
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