Warner Music unit plans to repay some term loans using notes proceeds

By Susanna Moon

Chicago, July 21 – Warner Music Group Corp. said wholly owned subsidiary WMG Acquisition Corp. plans to pay down some term loans under its senior credit facilities using proceeds of a new notes issue.

The company plans to price a private offering of senior secured notes under Rule 144A and Regulation S, according to an announcement.

Warner is a New York-based music content company.

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