Item 1.01 Entry into a Material Definitive Agreement.
Revolving Credit Agreement Amendment
On March 23, 2023, WMG Acquisition Corp. ("Acquisition Corp."), a subsidiary of
Warner Music Group Corp., entered into an amendment (the "Revolving Credit
Agreement Amendment") to the revolving credit agreement, dated January 31, 2018
(as amended by the amendments dated as of October 9, 2019, April 3, 2020 and
March 1, 2021), among Acquisition Corp., the several banks and other financial
institutions party thereto and Credit Suisse AG, as administrative agent,
governing Acquisition Corp.'s revolving credit facility with Credit Suisse AG,
as administrative agent, and the other financial institutions and lenders from
time to time party thereto. The Revolving Credit Agreement Amendment provides
for the replacement of LIBOR-based rates with a SOFR-based rate and other rates
for alternate currencies, such as EURIBOR and SONIA.
The foregoing description does not purport to be complete and is qualified in
its entirety by reference to the Revolving Credit Agreement Amendment, a copy of
which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
10.1 Revolving Credit Agreement Amendment, dated as of March 23, 2023, by
and among Acquisition Corp., the several banks and other financial
institutions party thereto and Credit Suisse AG, as administrative
agent.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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