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WMG Acquisition Corp 3.75% 01-DEC-2029

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Overview
Analysis

WMG5305372 analysis



Key facts


Issuer
WMG Acquisition Corp.
Issue date
Nov 24, 2021
Maturity date
Dec 1, 2029
Outstanding amount
‪540.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
3.75% (Fixed)
Yield to maturity
5.89%
WMG Acquisition Corp. engages in recording and publishing of music. It operates through two businesses: Recorded Music and Music Publishing. The Recorded Music business engages in marketing, sale and licensing of recorded music in various physical format such as CDs, LPs and DVDs, and digital format such as downloads, streaming and ringtones. The Music Publishing business owns and acquires rights to musical compositions, exploits and markets these compositions. The company was founded on March 18, 2004 and is headquartered in New York, NY.
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