WMG · Warner Music Group Corp.

Summary

On March 11, 2026, WMG Acquisition Corp., a subsidiary of Warner Music Group Corp., entered into an amended and restated Credit Agreement providing a $350 million revolving credit facility and a $1.295 billion term loan A facility, both maturing on March 11, 2031. The agreement amends prior credit facilities from 2012 and 2018, with interest rates based on SOFR or ABR plus applicable margins tied to credit ratings.

Key takeaways

• WMG Acquisition Corp. entered amended and restated Credit Agreement on March 11, 2026
• Provides $350 million Revolving Credit Facility maturing March 11, 2031
• Provides $1.295 billion Term Loan A Facility maturing March 11, 2031
• Initial SOFR margins: 1.375% for Term Loan, 1.250% for Revolving
• JPMorgan Chase Bank, N.A. as administrative agent
• Amends 2012 Credit Agreement and incorporates 2018 revolving facility