| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Warner Music Group Corp. > News item |
Warner Music to price $630 million secured notes in dollars, euros
New York, Oct. 10 – Warner Music Group Corp. said it plans to sell $630 million equivalent of senior secured notes in euro- and dollar-denominated tranches.
The securities will be sold under Rule 144A and Regulation S and will be issued through the company’s WMG Acquisition Corp. subsidiary.
Proceeds, along with cash, will be used to repurchase or redeem the company’s 6¼% senior secured notes due 2021 and 6% senior secured notes due 2021.
No further details were immediately available.
The company simultaneously announced a tender offer for the two series of notes that will run until Oct. 17.
Credit Suisse Securities (USA) LLC is dealer manager for the tender.
Warner Music is a New York-based music company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.