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# Warner Music Is Losing $10 Million Monthly, So They’re Buying Back $1.25B Loans
- URL: https://www.hypebot.com/warner-music-is-losing-10m-a-month-so-theyre-buying-back-125b-loans/
- Published: 2012-10-17T17:47:01.000Z
- Updated: 2012-10-17T17:47:01.000Z
- Description: Warner Music is meeting with lenders with hopes of buying back $1.25 billion of the company's more than $2 billion in outstanding loans. Despite receiving interest as high 11%, investors. Continue reading [https://www.hypebot.com/hypebot/2012/10/warner-music-is-losing-10m-a-month-so-theyre-buying-ba
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 10:49

[![image from www.google.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e2017ee43d21db970d-150wi "image from www.google.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e2017ee43d21db970d-popup?ref=hypebot.com)

Warner Music is [meeting](http://www.wmg.com/newsdetails/id/8a0af8123a6df64a013a6e46781b0003?ref=hypebot.com) with lenders with hopes of buying back $1.25 billion of the company's more than $2 billion in outstanding loans. Despite receiving interest as high 11%, investors may be eager to take the deal. WMG reported a net loss for the 3rd ending June 2012 was $32 million. Revenues fell $34 million from the same quarter last year to $654 million. Net loss for the nine months ending in June, 2012 was $94 million.

  
Revenues for the nine months were $2.06 billion, compared to $2.15 billion for the same period in 2011, according to WMG financials.

While WMG has reported $250 million cash on hand, no details were provided as to how the company will finance the $1.5 billion buy back. The company has engaged Credit Suisse Securities to tender offers.