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WMG Holdings Corp. and WMG Acquisition Corp. Announce Settlement of Exchange Offers to Occur on April 25, 2012

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  • April 20, 2012
    WMG Holdings Corp. and WMG Acquisition Corp. Announce Settlement of Exchange Offers to Occur on April 25, 2012

    WMG Holdings Corp. announced the expiration on April 19, 2012 of its offer to exchange (the “Holdings Exchange Offer”) $150 million in aggregate principal amount of its 13.75% Senior Notes due 2019 (the “New Holdings Notes”), which have been registered under the Securities Act of 1933, as amended, for an equal principal amount of its outstanding 13.75% Senior Notes due 2019 (the “Old Holdings Notes”). Settlement of the Holdings Exchange Offer will occur on April 25, 2012.

    Separately, WMG Acquisition Corp. announced the expiration on April 19, 2012 of its offer to exchange (the “Acquisition Exchange Offer” and together with the Holdings Exchange Offer, the “Exchange Offers”) $765 million in aggregate principal amount of its 11.50% Senior Notes due 2018 (the “New Acquisition Notes”), which have been registered under the Securities Act of 1933, as amended, for an equal principal amount of its outstanding 11.50% Senior Notes due 2018 (the “Old Acquisition Notes”). Settlement of the Acquisition Exchange Offer will occur on April 25, 2012.

    This press release does not constitute an offer to exchange the New Holdings Notes for the Old Holdings Notes or the New Acquisition Notes for the Old Acquisition Notes, or the solicitation of an offer to exchange. 

    About Warner Music Group:
    With its broad roster of new stars and legendary artists, Warner Music Group is home to a collection of the best-known record labels in the music industry including Asylum, Atlantic, East West, Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros. and Word, as well as Warner/Chappell Music, one of the world’s leading music publishers, with a catalog of more than one million copyrights worldwide.

    Source: Warner Music Group

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michelle.bermudez's picture
on April 20, 2012 - 12:00am

WMG Holdings Corp. announced the expiration on April 19, 2012 of its offer to exchange (the “Holdings Exchange Offer”) $150 million in aggregate principal amount of its 13.75% Senior Notes due 2019 (the “New Holdings Notes”), which have been registered under the Securities Act of 1933, as amended, for an equal principal amount of its outstanding 13.75% Senior Notes due 2019 (the “Old Holdings Notes”). Settlement of the Holdings Exchange Offer will occur on April 25, 2012.

Separately, WMG Acquisition Corp. announced the expiration on April 19, 2012 of its offer to exchange (the “Acquisition Exchange Offer” and together with the Holdings Exchange Offer, the “Exchange Offers”) $765 million in aggregate principal amount of its 11.50% Senior Notes due 2018 (the “New Acquisition Notes”), which have been registered under the Securities Act of 1933, as amended, for an equal principal amount of its outstanding 11.50% Senior Notes due 2018 (the “Old Acquisition Notes”). Settlement of the Acquisition Exchange Offer will occur on April 25, 2012.

This press release does not constitute an offer to exchange the New Holdings Notes for the Old Holdings Notes or the New Acquisition Notes for the Old Acquisition Notes, or the solicitation of an offer to exchange. 

About Warner Music Group:
With its broad roster of new stars and legendary artists, Warner Music Group is home to a collection of the best-known record labels in the music industry including Asylum, Atlantic, East West, Elektra, Nonesuch, Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros. and Word, as well as Warner/Chappell Music, one of the world’s leading music publishers, with a catalog of more than one million copyrights worldwide.

Source: Warner Music Group