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):
(Exact name of Registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
|
||
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code:
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered under Section 12(b) of the Act:
Title of each class |
Trading Symbol |
Name of Exchange on which Registered | ||
Class A Common Stock | WMG | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (17 CFR 230.405) or Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. | Entry into a Material Definitive Agreement. |
Secured Notes
On August 12, 2020 (the “Closing Date”), WMG Acquisition Corp. (the “Issuer”), an indirect, wholly-owned subsidiary of Warner Music Group Corp., issued and sold $550.0 million in aggregate principal amount of its 3.000% Senior Secured Notes due 2031 (the “Notes”) under an Indenture, dated as of June 29, 2020 (the “Base Indenture”), among the Issuer, the guarantors party thereto, Credit Suisse AG, as Notes Authorized Representative and Collateral Agent, and Wells Fargo Bank, National Association, as Trustee (the “Trustee”), as supplemented by the Third Supplemental Indenture, dated as of August 12, 2020 (the “Third Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among the Issuer, the guarantors party thereto and the Trustee. The Issuer intends to use the net proceeds of the Notes to repay a portion of the Issuer’s senior secured term loan credit facility with Credit Suisse AG, as administrative agent, and the other financial institutions and lenders from time to time party thereto (the “Term Credit Facility”) and to pay certain other related fees and expenses. The remainder of the net proceeds, if any, will be used for general corporate purposes.
Interest on the Notes will accrue at the rate of 3.000% per annum and will be payable semi-annually in arrears on February 15 and August 15, commencing on February 15, 2021.
Ranking
The Notes are the Issuer’s senior secured obligations and are secured on an equal and ratable basis with all existing and future indebtedness secured with the same security arrangements as the Notes, including the Existing Secured Notes and the Credit Facilities (each as defined below). The Notes rank senior in right of payment to the Issuer’s existing and future subordinated indebtedness; rank equally in right of payment with all of the Issuer’s existing and future senior indebtedness, including the Issuer’s 5.500% Senior Notes due 2026 (the “Existing Unsecured Notes”), the Issuer’s 3.625% Senior Secured Notes due 2026 (the “3.625% Existing Secured Notes”), the Issuer’s 3.875% Senior Secured Notes due 2030 (the “3.875% Existing Secured Notes”), the Issuer’s 2.750% Senior Secured Notes due 2028 (the “2.750% Existing Secured Notes” and, together with the 3.625% Existing Secured Notes and the 3.875% Existing Secured Notes, the “Existing Secured Notes”) and indebtedness under the Issuer’s senior secured 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 Facility” and, together with the Term Credit Facility, the “Credit Facilities”) and the Term Credit Facility and any future senior secured credit facility; are effectively senior to the Issuer’s unsecured senior indebtedness, including the Existing Unsecured Notes, to the extent of the value of the collateral securing the Notes; and are structurally subordinated in right of payment to all existing and future indebtedness and other liabilities of any of the Issuer’s non-guarantor subsidiaries (other than indebtedness and liabilities owed to the Issuer or one of its subsidiary guarantors (as such term is defined below)).
Guarantees
The Notes are fully and unconditionally guaranteed on a senior secured basis by each of the Issuer’s existing direct or indirect wholly-owned domestic restricted subsidiaries and by any such subsidiaries that guarantee obligations of the Issuer under the Credit Facilities, subject to customary exceptions. Such subsidiary guarantors are collectively referred to herein as the “subsidiary guarantors,” and such subsidiary guarantees are collectively referred to herein as the “subsidiary guarantees.” Each subsidiary guarantee is a senior secured obligation of such subsidiary guarantor and is secured on an equal and ratable basis with all existing and future obligations of such subsidiary guarantor that are secured with the same security arrangements as the guarantee of the Notes (including the subsidiary guarantor’s guarantee of obligations under the Existing Secured Notes and the Credit Facilities). Each subsidiary guarantee ranks senior in right of payment to all subordinated obligations of the subsidiary guarantor; is effectively senior to the subsidiary guarantor’s existing unsecured obligations, including the subsidiary guarantor’s guarantee of the Existing Unsecured Notes, to the extent of the collateral securing such guarantee; ranks equally in right of payment with all of the subsidiary guarantor’s existing and future senior obligations, including the subsidiary guarantor’s guarantee of the Credit Facilities and any future senior secured credit facility, the Existing Secured Notes and the Existing Unsecured Notes; and is structurally subordinated in right of payment to all existing
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and future indebtedness and other liabilities of any non-guarantor subsidiary of the subsidiary guarantor (other than indebtedness and liabilities owed to the Issuer or one of its subsidiary guarantors). Any subsidiary guarantee of the Notes may be released in certain circumstances.
Optional Redemption
At any time prior to August 15, 2023, the Issuer may on any one or more occasions redeem up to 40% of the aggregate principal amount of the Notes (including the aggregate principal amount of any additional notes of the same series) issued under the Base Indenture, at its option, at a redemption price equal to 103.000% of the principal amount of the Notes redeemed, plus accrued and unpaid interest thereon, if any, to the date of redemption (subject to the rights of holders of Notes on the relevant record date to receive interest on the relevant interest payment date) (each, an “Equity Offering Redemption”), with funds in an aggregate amount not exceeding the net cash proceeds of one or more equity offerings by the Issuer or any contribution to the Issuer’s common equity capital made with the net cash proceeds of one or more equity offerings by the Issuer’s direct or indirect parent; provided that:
(1) at least 50% of the aggregate principal amount of the Notes originally issued under the Base Indenture (including the aggregate principal amount of any additional notes of the same series) remains outstanding immediately after the occurrence of such redemption (unless all Notes are otherwise repurchased or redeemed substantially concurrently with the corresponding Equity Offering Redemption); and
(2) notice of such redemption is given no more than 180 days after the date of, and may be conditioned upon, the closing of such equity offering.
The Notes may be redeemed, in whole or in part, at any time prior to February 15, 2026 at the option of the Issuer, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the applicable make-whole premium as of, and accrued and unpaid interest thereon, if any, to, the applicable redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date).
On or after February 15, 2026, the Issuer may redeem all or a part of the Notes, at its option, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest thereon, if any, on the Notes to be redeemed to the applicable redemption date, if redeemed during the twelve-month period beginning on February 15 of the years indicated below:
Year |
Percentage | |||
2026 |
101.500 | % | ||
2027 |
101.000 | % | ||
2028 |
100.500 | % | ||
2029 and thereafter |
100.000 | % |
In addition, during any 12-month period prior to February 15, 2026, the Issuer will be entitled to redeem up to 10% of the original aggregate principal amount of the Notes (including the principal amount of any additional notes of the same series) at a redemption price equal to 103% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, if any, to the redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date).
Change of Control
Upon the occurrence of a change of control triggering event, which is defined in the Base Indenture, each holder of the Notes has the right to require the Issuer to repurchase some or all of such holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the repurchase date.
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Covenants
The Indenture contains covenants limiting, among other things, the Issuer’s ability and the ability of most of its subsidiaries to create liens and consolidate, merge, sell or otherwise dispose of all or substantially all of its assets.
Events of Default
The Indenture also provides for events of default which, if any of them occurs, would permit or require the principal of and accrued interest on Notes to become or to be declared due and payable.
The foregoing descriptions of the Base Indenture, the Third Supplemental Indenture and the Notes do not purport to be complete and are qualified in their entirety by reference to the full text of the Base Indenture, the Third Supplemental Indenture and the Notes, copies of which are incorporated herein by reference and attached hereto as Exhibits 4.1 - 4.3.
Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information contained in Item 1.01 concerning the Issuer’s direct financial obligations under the Notes is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
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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 12, 2020
Exhibit 4.2
SUPPLEMENTAL INDENTURE ESTABLISHING A SERIES OF
DOLLAR-DENOMINATED NOTES
WMG ACQUISITION CORP.
as Issuer
and
the Subsidiary Guarantors from time to time party to the Indenture
and
WELLS FARGO BANK, NATIONAL ASSOCIATION
as Trustee
THIRD SUPPLEMENTAL INDENTURE
DATED AS OF AUGUST 12, 2020
to the
INDENTURE
DATED AS OF JUNE 29, 2020
Providing for the Issuance of
3.000% Senior Secured Notes Due 2031
THIRD SUPPLEMENTAL INDENTURE, dated as of August 12, 2020 (this Supplemental Indenture), among WMG Acquisition Corp. (together with its successors and assigns, the Company), as issuer, the Subsidiary Guarantors under the Indenture referred to below (the Subsidiary Guarantors), and Wells Fargo Bank, National Association, as Trustee.
W I T N E S S E T H:
WHEREAS, the Company, the Subsidiary Guarantors, the Trustee, the Notes Authorized Representative and the Collateral Agent are party to the Indenture, dated as of June 29, 2020 (as amended, supplemented, waived or otherwise modified from time to time, the Indenture), which provides for the issuance from time to time of Notes by the Company;
WHEREAS, Section 9.01(8) of the Indenture provides that the Company may provide for the issuance of Additional Notes in accordance with the limitations set forth in the Indenture as of the Closing Date;
WHEREAS, in connection with the issuance of the 2031 Notes (as defined herein), the Company has duly authorized the execution and delivery of this Supplemental Indenture to establish the forms and terms of the 2031 Notes as hereinafter described; and
WHEREAS, pursuant to Section 9.01 of the Indenture, the parties hereto are authorized to execute and deliver this Supplemental Indenture to amend the Indenture, without the consent of any Holder;
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, the Subsidiary Guarantors and the Trustee mutually covenant and agree for the benefit of the Holders as follows:
1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2. Title of Notes. There shall be a series of Notes of the Company designated the 3.000% Senior Secured Notes due 2031 (the 2031 Notes), which Notes shall be Dollar-denominated.
3. Maturity Date. The Maturity Date of the 2031 Notes shall be February 15, 2031.
4. Interest and Interest Rates. Interest on the outstanding principal amount of 2031 Notes will accrue at the rate of 3.000% per annum and will be payable semi-
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annually in arrears on February 15 and August 15 in each year, commencing on February 15, 2021, to holders of record on the immediately preceding February 1 and August 1, respectively (each such February 1 and August 1, a Record Date). Interest on the 2031 Notes will accrue from the most recent date to which interest has been paid or provided for or, if no interest has been paid, from August 12, 2020, except that interest on any Additional 2031 Notes (as defined below) issued on or after the first Interest Payment Date (and Exchange Notes issued in exchange therefor) will accrue (or will be deemed to have accrued) from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid, from August 12, 2020 (or if the date of issuance of such Additional 2031 Notes is an Interest Payment Date, from such date of issuance); provided that if any 2031 Note and any Exchange Notes issued in exchange therefor are surrendered for exchange on or after a record date for an Interest Payment Date that will occur on or after the date of such exchange, interest on such Note received in exchange thereof will accrue from such Interest Payment Date.
5. No Limitation on Aggregate Principal Amount. The aggregate principal amount of 2031 Notes that may be authenticated and delivered and outstanding under the Indenture is not limited. The aggregate principal amount of the 2031 Notes shall initially be $550 million. The Company may from time to time, without the consent of the Holders, create and issue Additional Notes having the same terms and conditions as the 2031 Notes in all respects or in all respects except for issue date, issue price and, if applicable, the first date on which interest accrues and the first payment of interest thereon. Additional Notes issued in this manner will be consolidated with, and will form a single series with, the 2031 Notes (any such Additional Notes, Additional 2031 Notes), unless otherwise specified for Additional Notes in an applicable Notes Supplemental Indenture, or otherwise designated by the Company, as contemplated by Section 2.01 of the Indenture.
6. Redemption. (a) The 2031 Notes may be redeemed, in whole or in part, at any time prior to February 15, 2026, at the option of the Company, at a redemption price equal to 100% of the principal amount of the 2031 Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest, if any, to, the applicable Redemption Date (subject to the right of Holders on the relevant Record Date to receive interest due on the relevant interest payment date).
Applicable Premium means, with respect to any 2031 Note on any applicable Redemption Date, the greater of:
(1) 1.0% of the then outstanding principal amount of such 2031 Note; and
(2) the excess, if any, of:
(a) the present value at such redemption date of (i) the redemption price of the 2031 Note at February 15, 2026 (such redemption price being
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set forth in the table appearing in Section 6(b)) plus (ii) all required remaining scheduled interest payments due on the 2031 Note through February 15, 2026 (excluding accrued but unpaid interest to such redemption date), computed using a discount rate equal to the Treasury Rate as of such redemption date plus 75.0 basis points; over
(b) the then outstanding principal amount of the 2031 Note.
Treasury Rate means, as of the applicable redemption date, the yield to maturity as of such redemption date of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two business days prior to such redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from such redemption date to February 15, 2026; provided, that if the Treasury Rate determined in accordance with the foregoing shall be less than zero, the Treasury Rate shall be deemed to be zero for all purposes of the Indenture.
(b) On or after February 15, 2026, the Company may redeem all or a part of the 2031 Notes, at its option, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest, if any, on the 2031 Notes to be redeemed to the applicable Redemption Date, if redeemed during the twelve-month period beginning on February 15 of the years indicated below:
Year | Percentage | |||
2026 |
101.500 | % | ||
2027 |
101.000 | % | ||
2028 |
100.500 | % | ||
2029 and thereafter |
100.000 | % |
(c) At any time prior to August 15, 2023, the Company may on any one or more occasions redeem up to 40% of the aggregate principal amount of 2031 Notes (including the aggregate principal amount of any Additional 2031 Notes) issued under the Indenture, at its option, at a redemption price equal to 103.000% of the principal amount of the 2031 Notes redeemed, plus accrued and unpaid interest thereon, if any, to the date of redemption (subject to the rights of Holders on the relevant Record Date to receive interest on the relevant interest payment date) (each, a Note Equity Offering Redemption), with funds in an aggregate amount not exceeding the net cash proceeds of one or more Equity Offerings by the Company or any contribution to the Companys common equity capital made with the net cash proceeds of one or more Equity Offerings by the Companys direct or indirect parent; provided that:
4
(i) at least 50% of the aggregate principal amount of 2031 Notes originally issued under the Indenture (including the aggregate principal amount of any Additional 2031 Notes) remains outstanding immediately after the occurrence of such redemption (unless all such 2031 Notes are otherwise repurchased or redeemed substantially concurrently with the corresponding Note Equity Offering Redemption); and
(ii) notice of such redemption is given no more than 180 days after the date of, and may be conditioned upon, the closing of such Equity Offering.
(d) In addition, during any twelve-month period prior to February 15, 2026, the Company may redeem up to 10% of the original aggregate principal amount of the 2031 Notes (including the principal amount of any Additional 2031 Notes) at a redemption price equal to 103.000% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, if any, to the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date).
(e) The Company may acquire 2031 Notes by means other than a redemption, whether by tender offer, open market purchases, negotiated transactions or otherwise, in accordance with applicable securities laws, so long as such acquisition does not otherwise violate the terms of the Indenture.
(f) Any redemption or notice of any redemption may, at the Companys discretion, be subject to one or more conditions precedent, including, but not limited to, completion of an Equity Offering, other offering or other corporate transactions or event. Notice of any redemption in respect of an Equity Offering may be given prior to the completion thereof.
7. [Reserved].
8. Form. The 2031 Notes shall be issued substantially in the form set forth, or referenced, in Article Two of the Indenture, and Exhibit A-1 or Exhibit C-1 attached to the Indenture, in each case as provided for in Section 2.02 of the Indenture (as such form may be modified in accordance with Section 2.01 of the Indenture).
9. Governing Law. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
10. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force
5
and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder heretofore or hereafter authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty as to the validity or sufficiency of this Supplemental Indenture or as to the accuracy of the recitals to this Supplemental Indenture.
11. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
12. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof.
13. Electronic Execution of Documents. The words execution, signed, signature, and words of like import in any amendment, supplement or other modification hereof (including waivers and consents) shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. Without limitation to the foregoing, and anything in this Supplemental Indenture to the contrary notwithstanding, (a) any Officers Certificate, company order, Opinion of Counsel, Note, amendment, notice, direction, certificate of authentication appearing on or attached to any Note, supplemental indenture or other certificate, opinion of counsel, instrument, agreement or other document delivered pursuant to the Indenture or this Supplemental Indenture may be executed, attested and transmitted by any of the foregoing electronic means and formats and (b) all references to the execution, attestation or authentication of any Note or any certificate of authentication appearing on or attached to any Note by means of a manual or facsimile signature shall be deemed to include signatures that are made or transmitted by any of the foregoing electronic means or formats. The Trustee shall have no duty to inquire into or investigate the authenticity or authorization of any such electronic signature and shall be entitled to conclusively rely on any such electronic signature without any liability with respect thereto.
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.
WMG ACQUISITION CORP. | ||
By: | /s/ Paul M. Robinson | |
Name: | Paul M. Robinson | |
Title: | Executive Vice President, General Counsel and Secretary |
[Signature Page to Third Supplemental Indenture]
Guarantors: |
A.P. SCHMIDT CO. ARTS MUSIC INC. ATLANTIC RECORDING CORPORATION ATLANTIC/MR VENTURES INC. AUDIO PROPERTIES/BURBANK, INC. BIG BEAT RECORDS INC. CAFÉ AMERICANA INC. CHAPPELL MUSIC COMPANY, INC. COTA MUSIC, INC. COTILLION MUSIC, INC. CRK MUSIC INC. E/A MUSIC, INC. ELEKSYLUM MUSIC, INC. ELEKTRA ENTERTAINMENT GROUP INC. ELEKTRA GROUP VENTURES INC. ELEKTRA MUSIC GROUP INC. ELEKTRA/CHAMELEON VENTURES INC. FHK, INC. FIDDLEBACK MUSIC PUBLISHING COMPANY, INC. FOSTER FREES MUSIC, INC. GENE AUTRYS WESTERN MUSIC PUBLISHING CO. GOLDEN WEST MELODIES, INC. INSOUND ACQUISITION INC. INTERSONG U.S.A., INC. J. RUBY PRODUCTIONS, INC. JADAR MUSIC CORP. LEM AMERICA, INC. LONDON-SIRE RECORDS INC. MAVERICK PARTNER INC. MCGUFFIN MUSIC INC. MELODY RANCH MUSIC CO., INC. MIXED BAG MUSIC, INC. NONESUCH RECORDS INC. NON-STOP MUSIC HOLDINGS, INC. OCTA MUSIC, INC. PEPAMAR MUSIC CORP. REP SALES, INC. |
[Signature Page to Third Supplemental Indenture]
(cont-d): |
REVELATION MUSIC PUBLISHING CORPORATION RHINO ENTERTAINMENT COMPANY RICKS MUSIC INC. RIDGEWAY MUSIC CO., INC. RIGHTSONG MUSIC INC. ROADRUNNER RECORDS, INC. RYKO CORPORATION RYKODISC, INC. RYKOMUSIC, INC. SEA CHIME MUSIC, INC. SIX-FIFTEEN MUSIC PRODUCTIONS, INC. SR/MDM VENTURE INC. SUMMY-BIRCHARD, INC. SUPER HYPE PUBLISHING, INC. THE ALL BLACKS U.S.A., INC. TOMMY VALANDO PUBLISHING GROUP, INC. UNICHAPPELL MUSIC INC. W.C.M. MUSIC CORP. WALDEN MUSIC INC. WARNER ALLIANCE MUSIC INC. WARNER BRETHREN INC. WARNER MUSIC PUBLISHING INTERNATIONAL INC. WARNER RECORDS INC. WARNER CUSTOM MUSIC CORP. WARNER DOMAIN MUSIC INC. WARNER MUSIC DISCOVERY INC. WARNER MUSIC LATINA INC. WARNER MUSIC SP INC. WARNER SOJOURNER MUSIC INC. WARNER SPECIAL PRODUCTS INC. WARNER STRATEGIC MARKETING INC. WARNER CHAPPELL MUSIC SERVICES, INC. WARNER CHAPPELL MUSIC, INC. WARNER CHAPPELL PRODUCTION MUSIC, INC. WARNER-ELEKTRA-ATLANTIC CORPORATION |
[Signature Page to Third Supplemental Indenture]
(cont-d): |
WARNERSONGS, INC. WARNER-TAMERLANE PUBLISHING CORP. WARPRISE MUSIC INC. WC GOLD MUSIC CORP. W CHAPPELL MUSIC CORP. WCM/HOUSE OF GOLD MUSIC, INC. WARNER RECORDS/QRI VENTURE, INC. WARNER RECORDS/RUFFNATION VENTURES, INC. WEA EUROPE INC. WEA INC. WEA INTERNATIONAL INC. WIDE MUSIC, INC. WMG RHINO HOLDINGS INC. ARTIST ARENA LLC ASYLUM LLC ASYLUM RECORDS LLC ASYLUM WORLDWIDE LLC ATLANTIC MOBILE LLC ATLANTIC PIX LLC ATLANTIC PRODUCTIONS LLC ATLANTIC RECORDING LLC ATLANTIC SCREAM LLC ATLANTIC/143 L.L.C. BB INVESTMENTS LLC BULLDOG ISLAND EVENTS LLC BUTE SOUND LLC CORDLESS RECORDINGS LLC EAST WEST RECORDS LLC ELEKTRA MUSIC LLC ELEKTRA RECORDS LLC FERRET MUSIC HOLDINGS LLC FERRET MUSIC LLC FERRET MUSIC MANAGEMENT LLC FERRET MUSIC TOURING LLC FOZ MAN MUSIC LLC FUELED BY RAMEN LLC LAVA RECORDS LLC MM INVESTMENT LLC P & C PUBLISHING LLC |
[Signature Page to Third Supplemental Indenture]
(cont-d): |
RHINO NAME & LIKENESS HOLDINGS, LLC RHINO ENTERTAINMENT LLC RHINO FOCUS HOLDINGS LLC RHINO/FSE HOLDINGS, LLC SODATONE USA LLC T-BOY MUSIC, L.L.C. T-GIRL MUSIC, L.L.C. THE BIZ LLC UPPED.COM LLC UPROXX LLC WARNER MUSIC DISTRIBUTION LLC WARNER MUSIC NASHVILLE LLC WARNER RECORDS/SIRE VENTURES LLC WARNER RECORDS LLC WMG COE, LLC WMG PRODUCTIONS LLC WRONG MAN DEVELOPMENT LIMITED LIABILITY COMPANY |
By: | /s/ Paul M. Robinson | |
Name: | Paul M. Robinson | |
Title: | Vice President & Secretary of each of the above named entities listed under the heading Guarantors and signing this agreement in such capacity on behalf of each such entity |
WARNER MUSIC INC. | ||
By: | /s/ Paul M. Robinson | |
Name: | Paul M. Robinson | |
Title: | Executive Vice President, General Counsel & Secretary |
[Signature Page to Third Supplemental Indenture]
615 MUSIC LIBRARY, LLC
By: Six-Fifteen Music Productions, Inc., its Sole Member | ||
By: | /s/ Paul M. Robinson | |
Name: | Paul M. Robinson | |
Title: | Vice President & Secretary | |
ARTIST ARENA INTERNATIONAL, LLC | ||
By: Artist Arena LLC, its Sole Member | ||
By: Warner Music Inc., its Sole Member | ||
By: | /s/ Paul M. Robinson | |
Name: | Paul M. Robinson | |
Title: | Executive Vice President, General Counsel & Secretary | |
ALTERNATIVE DISTRIBUTION ALLIANCE | ||
By: Warner Music Distribution LLC, its Managing Partner | ||
By: Rep Sales, Inc., its Sole Member and Manager | ||
By: | /s/ Paul M. Robinson | |
Name: | Paul M. Robinson | |
Title: | Vice President & Secretary |
[Signature Page to Third Supplemental Indenture]
MAVERICK RECORDING COMPANY | ||
By: SR/MDM Venture Inc., its Managing Partner | ||
By: | /s/ Paul M. Robinson | |
Name: | Paul M. Robinson | |
Title: | Vice President & Secretary | |
NON-STOP CATACLYSMIC MUSIC, LLC NON-STOP INTERNATIONAL PUBLISHING, LLC NON-STOP OUTRAGEOUS PUBLISHING, LLC | ||
By: Non-Stop Music Publishing, LLC, their Sole Member | ||
By: Non-Stop Music Holdings, Inc., its Sole Member | ||
By: | /s/ Paul M. Robinson | |
Name: | Paul M. Robinson | |
Title: | Vice President & Secretary |
[Signature Page to Third Supplemental Indenture]
NON-STOP MUSIC LIBRARY, L.C. NON-STOP MUSIC PUBLISHING, LLC NON-STOP PRODUCTIONS, LLC | ||
By: Non-Stop Music Holdings, Inc., their Sole Member | ||
By: | /s/ Paul M. Robinson | |
Name: | Paul M. Robinson | |
Title: | Vice President & Secretary |
[Signature Page to Third Supplemental Indenture]
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee | ||
By: | /s/ Stefan Victory | |
Authorized Signatory |
[Signature Page to Third Supplemental Indenture]
Document and Entity Information |
Aug. 12, 2020 |
---|---|
Cover [Abstract] | |
Amendment Flag | false |
Entity Central Index Key | 0001319161 |
Document Type | 8-K |
Document Period End Date | Aug. 12, 2020 |
Entity Registrant Name | Warner Music Group Corp. |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-32502 |
Entity Tax Identification Number | 13-4271875 |
Entity Address, Address Line One | 1633 Broadway |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10019 |
City Area Code | (212) |
Local Phone Number | 275-2000 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
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