WMG Acquisition And WMG Holdings Announce Cash Tender Offers And Consent Solicitations
June 28, 2011 at 4:00 AM (PT)
WMG ACQUISITION CORP. and WMG HOLDINGS CORP. each a wholly owned subsidiary of WARNER MUSIC GROUP CORP., TODAY (6/28) announced that they have commenced tender offers to purchase for cash any and all of their respective outstanding debt securities listed in the table below. In conjunction with each tender offer, WMG ACQUISITION and WMG HOLDINGS are soliciting consents to the adoption of certain proposed amendments to each of the indentures governing the Notes to, among other things, eliminate substantially all of the restrictive covenants, certain events of default and other related provisions.
The Notes and material pricing terms for each tender offer are set forth in a table here.