WARNER MUSIC GROUP CORP. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

Senior Term Loan Credit Agreement Amendment

On January 20, 2021, WMG Acquisition Corp. ("Acquisition Corp."), a subsidiary of Warner Music Group Corp., entered into an amendment (the "Senior Term Loan Credit Agreement Amendment") to the credit agreement, dated November 1, 2012 (as amended by the amendments dated as of May 9, 2013, July 13, 2016, November 21, 2016, May 22, 2017, December 6, 2017 and June 7, 2018), among Acquisition Corp., the guarantors party thereto, the lenders party thereto and Credit Suisse AG, as administrative agent, governing Acquisition Corp.'s senior secured term loan facility with Credit Suisse AG, as administrative agent, and the other financial institutions and lenders from time to time party thereto. The Senior Term Loan Credit Agreement Amendment (among other changes) (i) extends the maturity date of its outstanding term loans from November 1, 2023 to January 20, 2028 and (ii) removes a number of negative covenants limiting the ability of Acquisition Corp. to take various actions. The remaining negative covenants are limited to restrictions on liens, restrictions on fundamental changes and change of control and are in a form substantially similar to the negative covenants in Acquisition Corp.'s senior secured notes due 2028, 2030 and 2031.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant.

The information contained in Item 1.01 concerning Acquisition Corp.'s direct financial obligations under the Senior Term Loan Credit Agreement Amendment is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.



Exhibit
Number                                    Description

10.1           Sixth Incremental Commitment Amendment to Credit Agreement, dated as
             of January 20, 2021, among WMG Acquisition Corp., the several banks
             and other financial institutions party thereto and Credit Suisse AG,
             as administrative agent, relating to the term loan credit agreement.


104          Cover Page to this Current Report on Form 8-K in Inline XBRL.

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