Davis Polk advised the joint book-running managers and the initial purchasers in a Rule 144A/Regulation S offering of $300 million principal amount of senior secured notes due 2023 of WMG Acquisition Corp., a subsidiary of Warner Music Group Corp.

Warner Music Group is one of the world’s major music-based content companies and is home to a collection of record labels, including Asylum, Atlantic, Big Beat, Canvasback, East West, Elektra, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Rhino, Roadrunner, Sire, Warner Bros., Warner Classics and Warner Music Nashville, as well as Warner/Chappell Music, one of the world’s leading music publishers.

The Davis Polk capital markets team included partner Michael Kaplan, counsel Jeffrey S. Ramsay and associate Jennifer (Yujia) Jiang. The credit team included partner Jason Kyrwood and associates Mayer J. Steinman and Daniel J. Amato. The tax team included partner Lucy W. Farr and associates Tracy L. Matlock and Erin Harvey. The intellectual property and technology team included associate Gregory R. Baden. All members of the Davis Polk team are based in the New York office