secwatch.observer — SEC 8-K summary
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Issuer:     Warner Music Group Corp. (WMG)
CIK:        0001319161
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001193125-23-286868
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WMG revolver upsized to $350M, maturity extended to Nov 2028, JPMorgan replaces Credit Suisse as agent
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- Commitments increased from $300M to $350M under the revolving credit facility.
- Final maturity date extended from April 2025 to November 30, 2028.
- JPMorgan Chase Bank appointed as administrative agent, replacing Credit Suisse AG.
- Springing Secured Indebtedness/EBITDA ratio threshold raised from $105M to $140M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1319161/000119312523286868/0001193125-23-286868-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1319161/000119312523286868/d465517d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-286868

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