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8-K filed December 1, 2023, 6:59 PM ET ticker WMG CIK 0001319161
debt confidence high sentiment neutral materiality 0.35

WMG revolver upsized to $350M, maturity extended to Nov 2028, JPMorgan replaces Credit Suisse as agent

Warner Music Group Corp.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Warner Music Group Corp. amended Revolving Credit Agreement Amendment with JPMorgan Chase Bank, N.A. valued at increases commitments from $300 million to $350 million; extends maturity to November 30, 2028 (effective 2023-11-30).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A.
Value
increases commitments from $300 million to $350 million; extends maturity to November 30, 2028
Effective
2023-11-30
Exact text from the filing
On November 30, 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, March 1, 2021 and March 23, 2023), among Acquisition Corp., the several banks and other financial institutions party thereto and Credit Suisse AG, Cayman Islands Branch, as predecessor administrative agent, governing Acquisition Corp.’s revolving credit facility (the “Facility”) with JPMorgan Chase Bank, N.A., as administrative agent, and the other financial institutions and lenders from time to time party thereto.
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Warner Music Group Corp. filing history →

Source: SEC EDGAR
accession 0001193125-23-286868
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