Warner Music to redeem 5 5/8% notes due 2022 via new note proceeds

By Sarah Lizee

Olympia, Wash., April 16 – Warner Music Group Corp. plans to redeem any and all of its 5 5/8% senior secured notes due 2022 using proceeds from a new issue, according to a press release.

The company plans to price a €195 million add-on to its 3 5/8% senior secured notes due 2026.

The redemption is conditioned on closing of the offering.

Warner is a New York-based music recording and publishing company.

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