Warner looks to save $30m annually in debt refinancing - report
Warner Music Group is hoping to save $30 million a year in lower interest rates after refinancing its debt. The move will, however, increase the company’s total debt by $170m to $3.1bn.
According to Moody’s Investors Service, WMG will issue $935 million in notes in total - $275m in senior secured notes and $660m in senior unsecured notes.
Although Warner Music Group VP and CFO Brian Roberts resigned on Tuesday, he will stay with the company until the end of ...
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