The high-yield senior notes are due 2029

Davis Polk advised the joint book-running managers and the initial purchasers in a Rule 144A / Regulation S offering of $540 million principal amount of 3.750% senior secured notes due 2029 of WMG Acquisition Corp., a subsidiary of Warner Music Group Corp.

Warner Music Group is one of the world’s leading music entertainment companies. Its renowned family of iconic record labels, including Atlantic Records, Warner Records, Elektra Records and Parlophone Records, is home to many of the world’s most popular and influential recording artists. In addition, Warner Chappell Music, the company’s global music publishing business, boasts a catalog that includes timeless standards and contemporary hits, representing works by over 100,000 songwriters and composers, with a global collection of more than one million musical compositions.

The Davis Polk capital markets team included partner Michael Kaplan, counsel John H. Runne and associate Courtney Y. Sohn. The finance team included partner David Hahn and associate Mario Babić. The tax team included partner Lucy W. Farr and associate Eitan Ulmer. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associate Lauren Nathan. All members of the Davis Polk team are based in the New York office.