Agreement comprises a $1.295B term loan, the proceeds of which will be used to pay off WMG's existing term loan debt and related fees, and a $350M revolving credit facility
Warner Music Group CEO Robert Kyncl used an appearance at Morgan Stanley’s conference this week to make an expansive case for why artificial intelligence represents an opportunity for WMG — and for the music industry at large. The WMG CEO’s remarks came on the heels of a shareholder letter in which he argued that AI … Continued