WMG Makes Cash Tender Offer To Purchase Outstanding Senior Secured Notes

Cash Tender Offer To Purchase Outstanding Senior Secured Notes

WARNER MUSIC GROUP, through its wholly owned subsidiary, WMG ACQUISITION CORP. has commenced cash tender offers to purchase many of its outstanding senior secured notes. The tender offers will expire at 5p (ET) on OCTOBER 17th, unless extended. Holders of Existing Notes must validly tender and not validly withdraw their Existing Notes before 5p (ET) on the tender offer expiration date to be eligible to receive the consideration for each series of Existing Notes.

The offer for each series of Existing Notes is conditioned upon the satisfaction of certain conditions, including the receipt by the Company of net proceeds from the one or more new debt financings on terms and conditions satisfactory to the Company in an amount sufficient to pay for all Existing Notes accepted for payment in the tender offers. 

The Company has retained CREDIT SUISSE SECURITIES (USA) LLC to serve as the Dealer Manager for the tender offers.

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