Warner Music Group Corp 8-K, filed Aug 3, 2020
Warner Music Group Corp. (WMG)
About this 8-K
Warner Music Group Corp filed this 8-K on August 3, 2020.
Items reported
- Item 1.02: Ended a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 3, 2020 (
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| Item 1.02 | Termination of a Material Definitive Agreement |
Satisfaction and Discharge of 5.000% Senior Secured Notes due 2023
On June 30, 2020, WMG Acquisition Corp. (the “Issuer”) elected to call for redemption in full all of its outstanding 5.000% Senior Secured Notes due 2023 (the “5.000% Notes”), issued pursuant to the indenture, dated as of November 1, 2012 (the “Base Indenture”), among the Issuer, the subsidiary guarantors party thereto, Wells Fargo Bank, National Association, as trustee (the “Trustee”) and Credit Suisse AG, as Notes Authorized Agent, as supplemented by the fifth supplemental indenture, dated as of July 27, 2016 (the “Fifth Supplemental Indenture”), and as supplemented by the tenth supplemental indenture, dated as of June 26, 2020 (the “Tenth Supplemental Indenture” and, together with the Fifth Supplemental Indenture and the Base Indenture, the “5.000% Notes Indenture”), in accordance with the terms of the 5.000% Notes Indenture. On August 3, 2020, the Issuer irrevocably deposited, or caused to be irrevocably deposited, with the Trustee, funds solely for the benefit of the holders of the 5.000% Notes in an amount sufficient to pay principal, premium and accrued interest on all of the outstanding 5.000% Notes to, but not including, the date of redemption and all other sums payable under the 5.000% Notes Indenture. The Trustee executed and delivered acknowledgements of satisfaction, discharge and release, dated as of August 3, 2020, with respect to the satisfaction and discharge of the 5.000% Notes and the 5.000% Notes Indenture.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WARNER MUSIC GROUP CORP. | ||
| BY: | /s/ Paul M. Robinson | |
| Paul M. Robinson | ||
| Executive Vice President, General Counsel and Secretary | ||
Date: August 3, 2020
[Signature Page to Closing 8-K]