Skip to content
Sign In Join Newsletter
Major Labels

Warner Music Offers $500 Million In Secured Notes

Is the company worth another $500 Million? Late on Monday The Warner Music Group announced that its subsidiary, WMG Acquisition Corp. will offer $500 million in new senior secured notes. Continue reading [https://www.hypebot.com/hypebot/2009/05/warner-music-offers-500-million-in-secured-notes.html]

,   and  Bruce Houghton
Is the company worth another $500 Million?

Wmg Late on Monday The Warner Music Group announced that its subsidiary, WMG Acquisition Corp. will offer $500 million in new senior secured notes due 2016. The net proceeds from the offering will be used to repay a portion of the term loans under its existing senior secured credit facility. 

Though serious obstacles remain for the entire recorded music sector, the value of the company has risen in recent weeks along with the overall stock market's rally.  Two major analysts have also upgraded the stock to a "buy" recommendation and on Monday the stock jumped 11%.

Related