Debevoise Advises Warner Music Group in Refinancing Transaction

31 October 2016

Debevoise & Plimpton LLP advised WMG Acquisition Corp., an indirect, wholly-owned subsidiary of Warner Music Group Corp., in its recent offering and sale of $250 million in aggregate principal amount of its 4.875% Senior Secured Notes due 2024 and €345 million in aggregate principal amount of its 4.125% Senior Secured Notes due 2024. The proceeds of the offering were used to fund the settlement of tender offers and the redemption of all of WMG Acquisition Corp.’s outstanding 6.000% Senior Secured Notes due 2021 and 6.250% Senior Secured Notes due 2021.

The Debevoise team was led by partners Matthew E. Kaplan and included partners Michael Bolotin and Pierre Maugüé and associates Katherine E. Durnan, Eric T. Juergens, Brian Kenney, Ashwin Phadnis, Ben Strumeier and Jeffrey A. Tate.

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