secwatch.observer — SEC 8-K summary
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Issuer:     Warner Music Group Corp. (WMG)
CIK:        0001319161
Form:       8-K
Filed at:   2024-09-17T23:59:59+00:00
Accession:  0001193125-24-220596
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WMG subsidiary reprices $1.295B term loans; new Tranche J at SOFR+1.75%
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- WMG Acquisition Corp. issued $1.295B in Tranche J term loans to replace existing Tranche I term loans.
- Interest rate: Term SOFR plus 1.75% per annum (or base rate plus 1.00%), with a 0% floor for SOFR.
- Proceeds used to repay Tranche I loans in full and pay transaction fees and expenses.
- Refinancing effective September 17, 2024; JPMorgan Chase acted as Tranche J term lender and administrative agent.
- Amendment involves multiple guarantor subsidiaries and reaffirms existing security agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1319161/000119312524220596/0001193125-24-220596-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1319161/000119312524220596/d843630d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-220596

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