WMG To Offer $500M In Notes
May 19, 2009 at 5:15 AM (PT)
WARNER MUSIC GROUP has announced that its subsidiary, WMG ACQUISITION CORP., intends to offer $500 million aggregate principal amount of senior secured notes due 2016. WMG ACQUISITION CORP. will use the net proceeds from the offering to repay a portion of the term loans under its existing senior secured credit facility.
The Notes have not been registered under the Securities Act of 1933, as amended and, unless so registered, may not be offered or sold in the U.S. absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.