NEW YORK, Sept. 22, 2021 (GLOBE NEWSWIRE) — Warner Music Group Corp. (Nasdaq: WMG) today announced the pricing of an underwritten secondary offering of an aggregate of 2,340,000 shares of Warner Music Group’s Class A 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.
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.
About Warner Music Group
With a legacy extending back over 200 years, Warner Music Group today is home to an unparalleled family of creative artists, songwriters, and companies that are moving culture across the globe. At the core of Warner Music Group’s Recorded Music division are four of the most iconic companies in history: Atlantic, Elektra, Parlophone and Warner Records. They are joined by renowned labels such as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Reprise, Rhino, Roadrunner, Sire, Spinnin’ Records, Warner Classics and Warner Music Nashville. Warner Chappell Music – which traces its origins back to the founding of Chappell & Company in 1811 – is one of the world’s leading music publishers, with a catalog of more than one million copyrights spanning every musical genre from the standards of the Great American Songbook to the biggest hits of the 21st century.
