Universal Music Group N.V. (UMG), a prominent music-based entertainment company headquartered in the Netherlands, has successfully priced 750 million euros ($806.8 million) of 4.000 percent senior unsecured notes due 2031. The offering, expected to close on June 13, 2023, will be listed on Euronext Amsterdam and sold to investors outside the U.S. UMG operates across recorded music, music publishing, merchandising, and audiovisual content, playing a pivotal role in shaping culture through the power of artistry. The proceeds from the issuance will be utilized for refinancing existing indebtedness and paying transaction fees and expenses. BNP Paribas, BofA Securities, Crédit Agricole CIB, Goldman Sachs Bank Europe SE, ING, and Mizuho are among the key companies involved in the offering.
In summary, Universal Music Group (UMG) is a leading music-based entertainment company based in the Netherlands. With a broad range of operations including recorded music, music publishing, merchandising, and audiovisual content, UMG is at the forefront of shaping cultural experiences through the power of artistry. The successful pricing of $806.8 million senior unsecured notes due 2031 will support UMG's refinancing efforts and cover associated fees. The involvement of prominent financial institutions in the offering reflects UMG's significance in the music industry landscape.