New Issue-WMG Acquisition Corp sells $1.1 bln notes
May 19 (Reuters) - WMG Acquisition Corp, a unit of music content company Warner Music Group Corp. (WMG.N: Quote, Profile, Research), on Tuesday sold $1.1 billion of seven-year senior secured notes in the 144a private placement market, said IFR, a Thomson Reuters publication.
The size of the deal was increased from an originally planned $500 million.
Goldman Sachs, Bank of America were the joint bookrunning managers for the sale. BORROWER: WMG ACQUISITION CORPORATION AMT $1.1 BLN* COUPON 9.50 PCT MATURITY 6/1/2016 TYPE SR SEC NTS ISS PRICE 96.289 FIRST PAY 12/1/2009 MOODY'S N/A YIELD 10.25 PCT SETTLEMENT 5/29/2009 S&P N/A SPREAD 756 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS** *$1.059179 BLN PROCEEDS TO ISSUER **MAKE-WHOLE CALL 50 BPS
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