Warner Music Group Corp. (WMG) Prices 2.34M Share Secondary Offering at $44/sh

Warner Music Group Corp. (Nasdaq: WMG) today announced the pricing of an underwritten secondary offering (the “offering”) of an aggregate of 2,340,000 shares of Warner Music Group’s Class A common stock (“common stock”) by affiliates of Access Industries, LLC, at a price to the public of $44.00 per share. The offering is expected to close on September 24, 2021. Warner Music Group is not selling any shares of common stock in the offering and will not receive any of the proceeds.

Morgan Stanley is acting as the underwriter for the offering.

A shelf registration statement (including a prospectus) relating to the common stock has been filed with the SEC and has become effective. The offering is being made only by means of a prospectus supplement and an accompanying prospectus. Copies of these documents may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or free of charge from the website of the U.S. Securities and Exchange Commission (the “SEC”) at http://www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.

You May Also Be Interested In

• Vincerx Pharma (VINC) Announces Proposed Share and Warrant Offering
• Scilex Holding (SCLX) Prices 15M Share Offering at $1/sh
• IBM (IBM) to Acquire HashiCorp (HCP) for $35/sh Cash or $6.4B